Camila Company has set the following standard cost per unit for direct materials and direct labor Direct materials (15 pounds ess per pound $75 Direct labor (3 hours 514 per hour 42 During June the company incurred the following actual costs to produce 8.700 units Direct materials (133,300 pounds @ $4.75 per pound) 5633, 175 Direct labor (30,20 hours @ $14.20 per hour) 428,840 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 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the direct materials price and quantity variances. (Indicate the effect of each vanance by selecting favorable, unfavorable, or no variance.) Actual Cost Standard Cost $ 0 $ 0 $ 0 Required 2 > 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 (3 hours 514 per hour) 42 During June the company incurred the following actual costs to produce 8,700 units, Direct materials (133,300 pounds $4.75 per pound) $ 633,175 Direct labor (30,200 hours $14.20 per hour) 421,840 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 vacances. (2) Compute the direct labor rate variance and the direct labor efficiency variance Complete 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 Variante Round Rate per hour answers to 2 decimal places) Standard Coat Actual Cost 5 5 0 5