Book Hin Print eferences Lucia Company has set the following standard cost per unit for direct materials and direct labor Direct materials (15 pounds @ $5 per pound) Direct labor (3 hours $15 per hour) 575 45 During May the company incurred the following actual costs to produce 8,200 units Direct materials (125,400 pounds $4.80 per pound) Direct labor (29,000 hours $15.10 per hour) 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 $ 601,920 437,900 (2) Compute the direct labor rate variance and the direct labor efficiency variance. Complete this question by entering your answers in the tabs below. raw Required 1 Required 2 Compute the direct materials price and quantity variances. Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Actual Cost Standard Cost 3.84 points AQ Actual Quantity SQ Standard Quantity AP Actual Price SP Standard Price look (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. 10 10 Required 1 Required 2 Pont References Compute the direct materials price and quantity variances. Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Actual Cost Required 2 > Standard Cost (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 labor rate variance and the direct labor efficiency variance. Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Rate per hour" answers to 2 decimal places. Actual Cost