4 Direct materials (138,200 lbs. @ $2.75 per lb.) Direct labor (29,700 hrs. @ $16.10 per hr.). $380,050 478,170 3 points AH = Actual Hours SH = Standard Hours 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. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.) (2) Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.) > Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or unfavorable. Actual Cost Standard Cost AH X AH SR SH SR AR 0 X X $ 0 $ 0 $ 0 Direct labor rate variance Direct labor efficiency variance Total direct labor variance 0 Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or unfavorable. Actual Cost Standard Cost AH X AH SR SH SR AR 0 X X $ 0 $ 0 $ 0 Direct labor rate variance Direct labor efficiency variance Total direct labor variance 0