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 8,000 units.

Direct materials (130,100 pounds @ $2.75 per pound)	$ 357,775
Direct labor (28,400 hours @ $15.20 per hour)	431,680

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.