Camila Company has set the following standard cost per unit for direct materials and direct labor. Direct materials (14 pounds @ $3 per pound) Direct labor (3 hours @ $15 per hour) $ 42 45 3 points During June the company incurred the following actual costs to produce 8,400 units. Skipped Direct materials (120,400 pounds @ $2.70 per pound) Direct labor (30,100 hours @ $15.10 per hour) $ 325,000 454,510 AR = Actual Rate SR = Standard Rate eBook AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP - Standard Price Hint Print (1) Compute the direct materials price and quantity variances. (2) Compute the direct labor rate variance and the direct labor efficiency variance. References 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 variance by selecting favorable, unfavorable, or no variance.) Actual Cost Standard Cost $ 0 0 5 (1) Compute the direct materials price and quantity variances. (2) Compute the direct labor rate variance and the direct labor efficiency variance. 3 points Complete this question by entering your answers in the tabs below. Skipped 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.) eBook Actual Cost Standard Cost 0 Hint $ 0 $ 0 Print $ 0 References