After evaluating Null Company's manufacturing process, management decides to establish standards of 3 hours of direct labor per un of product and $16.00 per hour for the labor rate. During October, the company uses 19.200 hours of direct laborat a $311.040 total cost to produce 6.600 units of product. In November, the company uses 23.000 hours of direct laborat a $374.900 total cost to produce 7.000 units of product. AH - Actual Hours SH - Standard Hours AR - Actual Rate SR - Standard Rate (1) Compute the direct labor rate variance, the direct labor efficiency variance, and the total direct labor cost variance for each of these two months. Classify each variance as favorable or unfavorable. October Actual Cost AH ho AH X AR $ 10.20 SR 19.200 X X Standard Cost SH X SR 19,800 X $10.00 $ 316.800 $ 10 $ 0 5 $ g 0 November Actual Cost Standard Cost AH x AR AH X SR SH X SR X X 0 0 $ 0 0 lutto Corp. has set the following standard direct materials and direct labor costs per unit for the product it manufactures. Direct materials (15 lbs. @ $4 per lb.) $60 Direct labor (3 hrs. @ $14 per hr.) 42 During May the company incurred the following actual costs to produce 8.600 units. Direct materials (132,400 lbs. @ $3.80 per 1b.) Direct labor (29,800 hrs. @ $14.10 per hr.). $503,120 420, 180 AQ - Actual Quantity SQ - Standard Quantity AP Actual Price SP - Standard Price AH - Actual Hours SH - Standard Hours AR - Actual Rate SR - Standard Rate (1) Compute the direct materials price and quantity variances. (2) Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or unfavorable Required 1 Required 2 Compute the direct materials price and quantity variances and dassify it as favorable or unfavorable. Actual Cost Standard Cost $ 0 $ $ 0 Required 1 Required 2 Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorab Actual Cost Standard Cost 0 O