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 (4 hours $14 per hour) $ 60 56 During June the company incurred the following actual costs to produce 8,500 units. B Direct materials (130, 300 pounds @ $3.80 per pound) AR Direct labor (38,400 hours @ $14.15 per hour) Actual Rate SR Standard Rate = AQ Actual Quantity SQ AP SP = = Standard Quantity Actual Price Standard Price (1) Compute the direct materials price and quantity variances. $ 495,140 543,360 (2) Compute the direct labor rate variance and the direct labor efficiency variance. C