Camila Company has set the following standard cost per unit for direct materials and direct labor. Direct materials ( 16 pounds e $3 per pound) birect labor ( 3 hours 8$15 per hour) 48 45 During June the company incurred the following actual costs to produce 8.800 units. Direct materials (243,600 pounds 52,80 per pound) Direct labor (29,7 ed hours e 515.20 per hour) 402,080 451,440 AR=Actual Rate SR=Standard Rate AQ=Actual Quantity SQ= Standard Quantity AP= Actual Price SP= Standard Price (1) Compute the direct materiats 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. Compute the direct materiak price and quantity variances. Note: Indicate the effect of each varlance by selecting favorable, unfavorable, or no variance