Camila Company has set the following standard cost per unit for direct materials and direct labor.

Direct materials $(14$ pounds @ $$4$ per pound$)$

Direct labor $(3$ hours @ $$15$ per hour$)$

$$56$

$45$

During June the company incurred the following actual costs to produce $8,000$ units.

Direct materials $(114,200$ pounds @ $$3\mathrm{.}75.$per pound$)$

Direct labor hours @ $$15\mathrm{.}20$ per hour$)$

$$428,250$

$437,760$

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 $1$

Compute the direct materials price and quantity variances.

Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.