Camila Company has set the following standard cost per unit for direct materials and direct labor Direct materials (15 pounds @ 54 per pound) $60 Direct labor (3 hours @ 516 per hour) During June the company incurred the following actual costs to produce 8,100 units, $ 465,375 447,355 Direct materials (124,100 pounds 53.75 per pound) Direct labor (27,700 hours $16.15 per hour) 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 2 Required 2 Compute the direct materials price and quantity variances, (Indicate the effect of each variance by selecting favorable, unfavorable, or no vanan Actual Cost Standard Cost AQ X Ap AD SP SQ SP x X 5 D 5 5 Required 2 > Camila Company has set the following standard cost per unit for direct materials and direct labor Direct materials (15 pounds 54 per pound) $ 60 Direct labor (3 hours $16 per hour) 40 During June the company incurred the following actual costs to produce 8100 units. Direct materials (124,100 pounds 53.75 per pound) Direct labor (27,700 hours $16.15 per hour) 5 465,375 447,355 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 he 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 Varlance Round Rate per hour answers to 2 decimal places.) Actual Cont Standard Post 3 $