Camila Company has set the following standard cost per unit for direct materials and direct labor. Direct materials ( 10 pounds \& $3 per pound) Direct labor. ( 2 hours \& $12 per hour) During June the company incurred the following actual costs to produce 9,000 units. Directmateria1s(92,000poundse$2.95perpound)Directlabor(18,800hours&$12.05perhour)$271,400226,540 AR= Actual Rate SR= Standard Rate AQ= Actual Quantity Compute the direct materials price and quantity variances. (Indicate the effect of each variance by selecting favorable, unfavorable, Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each variance by selecting favor unfavorable, or no variance.)