Camila Company has set the following standard cost per unit for direct materials and direct labor. Directmaterials(14pounds&$4perpound)Directlabor(3hoursa$15perhour)$5645 Direct labor ( 3 hours e $15 per per pound the company incurred the following actual costs to produce 8,800 units. Direct materials ( 125,700 pounds e $3.75 per pound) Direct labor (30,000 hours e $15.20 per hour) AR=ActualRateSR=StandardRateAQ=ActualQuantitySQ=SStandardQuantityAP=ActualPrice (1) Compute the direct materials price and quantity variances. (2) Compute the direct labor rate variance and the ditect labor efficiency variance. Complete this question by entering your answers in the tabs below. Compute the direct materials price and quantity variances. (Indicate the effect of each variance b) Camila Company has set the following standard cost per unit for direct materials and direct labot Direct materials (14 pounds e $4 per pound) Direct labor (3 hours e $15 per hour) $56 During June the company incurred the following actual costs to produce 8,800 units. Direct materials (125,7 ee pounds 9$3.75 per pound) 456,000471,375SR=StandardRate AQ=ActualQuantitySQ=StandardQuantityAP=ActualPriceSP=StandardPrice (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. Compute the direct labor rate variance and the direct labor efficiency variance, (indicate the effect of earh in no variance. Round "Rate per hour" answers to 2 decimal places.]