Camila Company has set the following standard cost per unit for direct materials and direct labor. Direct materials (16 pounds @ $3 per pound) $ 48 Direct labor (3 hours @ $15 per hour) 45 During June the company incurred the following actual costs to produce 8,900 units. Direct materials (145,200 pounds @ $2.75 per pound) $ 399,300 Direct labor (31,500 hours @ $15.15 per hour) 477,225 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. (2) Compute the direct labor rate variance and the direct labor efficiency variance.