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-11 help pls Lucia Company has set the following standard cost per unit for direct materials and direct labor. Direct materials ( 15 pounds e

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Lucia Company has set the following standard cost per unit for direct materials and direct labor. Direct materials ( 15 pounds e $4 per pound) Direct labor ( 3 hours \&f $15 per hour) $6045 During May the company incurred the following actual costs to produce 9,000 units. Direct materials (138,000 pounds e $3.75 per pound) Direct lobor (31, ee0 hours 8$15.10 per hour) 517,500468,160 AR= Actual Rate SR= Standard Rate AQ=Actual Quantity SQ= Standard Quantity AP= Actual Price SP= Standard Price (1) Compute the direct materials price and quantity variances: (2) Compute the direct labor rate variance and the direct labor efficiency variance. Compute the direct materials price and quantity variances. Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Compute the direct labor rate variance and the direct labor efficiency variance. Note: Indicate the effect of each variance by 5 electing favorable, unfavorable, or no variance, Round "Rate per hout" answers to 2 decimal places

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