Camila Company has set the following standard cost per unit for direct materials and direct labor. Direct materials (15 pounds @ $4 per pound) Direct labor (3 hours @ $14 per hour) $ 60 42 During June the company incurred the following actual costs to produce 8,600 units. Direct materials (131,000 pounds @ $3.75 per pound) Direct labor (29,700 hours @ $14.10 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. $ 491,250 418,770 (2) Compute the direct labor rate variance and the direct labor efficiency variance.