Actual direct materials used Actual direct labor used Actial units produced Standard guantity and price per unit for direct materials standard quantity and rate per unit for direct labor AR=ActualRateSR=StandardRateAQ=ActualQuantitySQ=StandardQuantityAP=ActualPriceSP=StandardPrice (1) Compute the direct materials price and quantity variances. (2) Compute the direct labor rate and efficiency variances. Complete this question by entering your answers in the tabs below. Computh the direct materials price and quantity variances. Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Actual direct materials used Actual direct labor used Actual units produced Standard quantity and price per unit for direct materials standard quantity and rate per unit for direct labor 16,700 pounds at $4,40 per pound 17,335 hours at $26 per hour 31,400 0.50 pound at $4.35 per pound 0.50 hour at $27 per hour AR= Actual Rate SR= Standard Rate AQ= Actual Quantity SQ= Standard Quantity AP= Actual Price SP = Standard Price (1) Compute the direct materiais price and quantity variances. (2) Compute the direct labor rate and efficiency variances. Complete this question by entering your answers in the tabs below. Compute the direct labor rate and efficiency variances. Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Actual direct materials used Actual direct labor used Actial units produced Standard guantity and price per unit for direct materials standard quantity and rate per unit for direct labor AR=ActualRateSR=StandardRateAQ=ActualQuantitySQ=StandardQuantityAP=ActualPriceSP=StandardPrice (1) Compute the direct materials price and quantity variances. (2) Compute the direct labor rate and efficiency variances. Complete this question by entering your answers in the tabs below. Computh the direct materials price and quantity variances. Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Actual direct materials used Actual direct labor used Actual units produced Standard quantity and price per unit for direct materials standard quantity and rate per unit for direct labor 16,700 pounds at $4,40 per pound 17,335 hours at $26 per hour 31,400 0.50 pound at $4.35 per pound 0.50 hour at $27 per hour AR= Actual Rate SR= Standard Rate AQ= Actual Quantity SQ= Standard Quantity AP= Actual Price SP = Standard Price (1) Compute the direct materiais price and quantity variances. (2) Compute the direct labor rate and efficiency variances. Complete this question by entering your answers in the tabs below. Compute the direct labor rate and efficiency variances. Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance