Camila Company has set the following standard cost per unit for direct materials and direct labor. Direct materials (15 pounds @ $5 per pound) $ 75 Direct labor (2 hours @ $16 per hour) 32 During June the company incurred the following actual costs to produce 8,100 units. Direct materials (124, 308 pounds @ $4.80 per pound) $ 596, 640 Direct labor (19, 380 hours ( $16.20 per hour) 312, 660 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.\fComplete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Rate per hour" answers to 2 decimal places.) Actual Cost Standard Cost Requlrecl Information Rite folfom'ng infomtarion applies to the questions dispmyed below} Hart Comp-an}.r made 3.260 shelves using 2226!? pounds of wood costing $298,234. The company's direct materials standards for one shelf are 3 pounds of wood at $13.30 per pound. A9 = Actual Quantity.r SQ = Standard Quantity.r AP = Actual Price SP = Standard Pride 1. Compute the direct materials price and quantity variances along with the total direct materials variance. 2'. Hart applies management by exception by investigating direct materials variances of more than 5% of actual direct materials costs. Which direct materials 'ua riances will Hart investigate further? Required Information [The following information applies to the questions displayed below.] Hart Company made 3.260 shelves using 22.260 pounds of wood costing $298,284. The company's direct materials standards for one shelf are 8 pounds of wood at $13.30 per pound. Hart Company uses a standard costing system. Prepare the journal entry to charge direct materials costs to Work in Process Inventory and record the direct materials variances. View transaction list Journal entry worksheet A Record direct materials price and quantity variances. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record entry Clear entry View general journalJavon Company set standards of 3 hours of direct labor per unit at a rate of $16.20 per hour. During October, the company actually uses 20.000 hours of direct labor at a $328,000 total cost to produce 6,800 units. In November, the company uses 24,000 hours of direct labor at a $394,800 total cost to produce 7,200 units of product. AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate (1) Compute the direct labor rate variance, the direct labor efficiency variance, and the total direct labor variance for each of these two months. (2) Javon investigates variances of more than 5% of actual direct labor cost. Which direct labor variances will the company investigate further