32 Camila Company has set the following standard cost per unit for direct materials and direct labor Direct materials (14 pounds per pound) 156 Direct labor (2 hours $16 per hour) During June the company incurred the following actual costs to produce 8.600 units. Direct materials (122,400 pounds $1.75 per pound) 3 459,000 Direct labor (21,500 hours $16.20 per hour 345, 300 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 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the direct materiais price and quantity variances, (Indicate the effect of each varlance by selecting favorable, undavorable, or no variance) Standard Cost Actual Cont 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 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the direct materials price and quantity variances. (Iridicate the effect of each variance by selecting favorable, unfavorable, or no vince) Actual Cost Standard Cost Required 2 > 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. Complete this question by entering your answers in the tabs below. Required 1 Required Compute the direct labor rate variance and the direct labor efficiency variance (Indicate the effect of each variance by selecting favorabile, unfavorable. variance. Round "Rate per hour answers to 2 decimal places.) Actual Cost Standard Cont