Camila Company has set the following standard cost per unit for direct materials and direct labor. Direct materials (16 pounds e $4 per pound) $64 Direct labor (2 hours e $15 per hour) 30 During June the company incurred the following actual costs to produce 8.100 units. Direct materials ( 131,700 pounds e $3.75 per pound) $493,875299,970 Direct labor (19,800 hours $15.15 per hour) 299,970 AR=ActualRateSR=StandardRateAQ=ActualQuantitySQ=StandardQuantityAP=ActualPriceSP=StandardPrice (1) Compute the direct materials price and quantity variances. (2) Compute the direct labor rate variance and the direct labor efficiency variance. Required 1 Required 2 Compute the direct materials price and quantity variances. (Indicate the effect of each vahance by selecting favorable, unfavorable, or no varia Recuina : Required 2 > Compute the direct labor rate variance and the direct labor efficiency variance, (Indicate the effect of each variance by selecting favorable, variance. Round "Rate per hour" answers to 2 decimal places.)