both please!

During May the company incurred the following actual costs to produce 8,100 units. Direct naterials (124,000 pounds e. $4.80 per pound) Direct Labor (29,300 hours e $15.18 per hour) 5.595,200 442,430 AR=ActualRateSR=StandardRate AQ=ActualQuantitySQ=StandardQuantityAP=ActualPriceSP=StandardPrice (1) Compute the direct materials price and quantify 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. Lucia Company has set the following standard cost per unit for direct materials and direct labor. pirect materials (15 pounds e 55 per pound) birect labor ( 3 bours $15 per hour) \$. 75 During May the company incurred the following actual costs to produce 8,100 units. Direct aterials (124,000 pounds 0$4.10 per pound) Direct Iabor (20,300 hours o $15.10 per hour) 5595,200 442,430 AR=ActualRoteSR=StandardRateAQ=ActualQuantitySQ=StandardQuantityAP=ActuolPriceSP=StandardPrice (1) Compute the direct materials price and quantify variances. (2) Compute the direct lobor rate variance and the diect labor efficiency voriance. Complete this question by entering your answers in the tabs below. Compute the direc labor rate variance and the direct labor efficiency vanance. (Indicate the effect of each variance by selecting foworabie, unfavorable, or fio variance. Round "liate per hour" answers to 2 decimat placesi.)