A manufactured product has the following information for June.

Standard Quantity and Cost Actual Results

Direct materials $6$ pounds @ $$9$ per pound $51,600$ pounds @ $$9\mathrm{.}10$ per pound

Direct labor $2$ DLH @ $$15$ per DLH $16,600$ hours @ $$15\mathrm{.}40$ per hour

Overhead $2$ DLH @ $$11$ per DLH $ $192,700$

Units manufactured $8,500$ units

Compute the $(1)$ direct materials price variance and $(2)$ direct materials quantity variance. $($Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Cost per unit" answers to $2$ decimal places.$)$

AQ $=$ Actual Quantity

SQ $=$ Standard Quantity

AP $=$ Actual Price

SP $=$ Standard Price A manufactured product has the following information for June.

$\backslash$table$[[,$Standard Quantity and Cost,Actual Results$],[$Direct materials,$6$ pounds @$$9$ per pound,$51,600$ pounds @$$9\mathrm{.}10$ per pound$],[$Direct labor,$2$ DLH @$$15$ per DLH$,16,600$ hours @$$15\mathrm{.}40$ per hour$],[$Overhead$,2$ DLH @$$11$ per DLH$,$$$192,700],[$Units manufactured,,$8,500$ units$]]$

Compute the $(1)$ direct materials price variance and $(2)$ direct materials quantity variance. $($Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Cost per unit" answers to $2$ decimal places.$)$

$AQ=$ Actual Quantity

$SQ=$ Standard Quantity

$AP=$ Actual Price

SP $=$ Standard Price