Camila Company has set the following standard cost per unit for direct materials and direct labor. Direct materials (14 pounds @ $4 per pound) Direct labor (3 hours @ $15 per hour) $ 56 45 During June the company incurred the following actual costs to produce 8,500 units. Direct materials (121,300 pounds @ $3.75 per pound) Direct labor (29,400 hours @ $15.15 per hour) $ 454,875 445,410 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.