Camila Compony has set the following sandard cost per uni for direct materials and direct labor. plrect naterials (16 pounds e $5 veripound) biract later (9 boirs if 515 per hour) 58045 During June the company incurred the following actual costs fo produce 8,300 units. birect naterials (234, we pounds e 4,78 per poimd) 5534,030.443,093 AR= Actulal Pate SR- Stondard Rte AO = Actual Quartisy SQ = Standard Quantity AP= Actual frice SP = Standard Price (1) Compote the droct materals price and quantity varuances (2) Compute the direct labor rate variance and tie direct labot efficiency variance. Complete this question by entering vour anwwers in the tabs below. Required 1 Reguinaz IRequirad 1 Camia Compary hos set the following standard cost per unt for clrect motents and dinect labor. Dirnct nuterinks (as pants es 55 per peind) is to Direct inter o how esis per heir) 45 Durng June the tompany incuried the folowing actual costs to produce 8.300 units 36se,ase44,095. olrectinter(20,300hours2sis.isperhoup? AR-ActualRateSR=StantardRp:eAQ=ActuelQuantry50=StandardQuantityAP=ActualPriceSip-=standardPnce 15 Compute the direct matertas price and quantify variances (2) Compute the direct labor rate variance and the direct labor etficiency variance. Complete this question by entering your answers in the tabs below