Camila Company has set the following standard cost per unit for direct materials and direct labor Direct materials (14 pounds @ 54 per pound) Direct labor (3 hours $15 per hour) $ 56 45 During June the company incurred the following actual costs to produce 8,100 units Direct materials (116,300 pounds $3.75 per pound) Direct labor (27,700 hours $15.15 per hour) $ 436,125 419,655 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. 5 Check my work During June the company incurred the following actual costs to produce 8.100 units Direct materials (116,38 pounds $3.75 per peund) Direct labor (27,700 hours 515.15 per hour) 5436,125 419,655 3 point AR = Actual Rate SR = Standard Rate ook AQ - Actual Quantity SQ = Standard Quantity AP = Actual Price SP Standard Price Hint Print Reference (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: Required 2 Compute the direct materials price and quantity variances (Indicate the effect of each variance by selecting favorable, unfavorabit, or navara Required 1 Required 2 Compute the direct materials price and quantity variances, (Indicate the effect of each variance by selecting favorable, unfavorable, or no varia Actual Cost Standard Cost $ 0 $ 0 0 Required 2 > 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, unfo variance. Round "Rate per hour answers to 2 decimal places.) Actual Cost Standard Cost - $ $ 0 acas $ 0 0