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SQ= Standard Quantity AP= Actual Price SP= Standard Price (1) Compute the direct materlals price and quantity variances. (2) Compute the direct labor rate variance and the direct labor efficlency variance. Complete this question by entering your answers in the tabs below. Compute the direct materials price and quantity variances. (Indicate the effect of each variance by siela AC - Aowal Gantry SQ - Sandard ouantity AR ACtwal Price 5P=5 andare Pnce (1) Compute the direct materials price and quantity variances. (2) Compute the direct labor rate varlance and the direct fabor efficlency varlance. Complete this question by entering your answers in the tabs below. Compute the direct materials price and quantity variances. (Indicate the effect of each variance by selecting favorable, unfavor SR= Standard Rate AQ = Actual Quanty SQ= Standard Quantity AP=Actual Price SP = Standard Pnce (1) Compute the direct materlals price and quantity variances. (2) Compute the direct labor rate varlance and the direct labor efficiency variance. Complete this question by entering your answers in the tabs below. Compute the direct labor rate variance and the direct labor efficiency variance. (indicate the effect of exch variance by selecting favora varianco. Round "Rate per hour" answers to 2 decimal places