Camila Company has set the following standard cost per unit for direct materials and direct labor. Direct materials (15 pounds @ $3 per pound) Direct labor (3 hours @ $16 per hour) $ 45 48 During June the company incurred the following actual costs to produce 8,200 units. Direct materials (125,400 pounds @ $2.75 per pound) Direct labor (27,800 hours @ $16.20 per hour) $344,850 450,360 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. Book Complete this question by entering your answers in the Lau Required 1 Required 2 Compute the direct materials price and quantity variances. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Actual Cost Hint AQ x AP x Port References Price variance Quantity variance Total direct materials variance. AQ x SP x $ $ 0 0 $ 0 Standard Cost SQ x SP x Required 1 Required 2 > Compute the direct labor rate variance and the direct labr efficiency variance. (mic variance. Round "Rate per hour" answers to 2 decimal places.) Hint Actual Cost AQ AR Print References Rate variance Efficiency variance Total direct labor variance $ AQ $ 0 0 Standard Cost SR SQ SR