Chapter 8 Homework Saved 7 1 points eBook Camila Company has set the following standard cost per unit for direct materials and direct labor. Direct materials (15 pounds @ $4 per pound) $ 60 Direct labor (2 hours @ $16 per hour) 32 During June the company incurred the following actual costs to produce 8,900 units. Direct materials (136,200 pounds @ $3.75 per pound) $ 510,750 Direct labor (21,800 hours @ $16.10 per hour) 350,980 AR = Actual Rate SR = Standard Rate AQ - Actual Quantity SQ - Sibndard 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. Hint ASH Print Chapter 8 Homework Saved Help 7 AR = Actual Rate SR - Standard Rate 1 points 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. eBook Complete this question by entering your answers in the tabs below. Hint Required 1 Required 2 AL Compute the direct materials price and quantity variances, (Indicate the effect of each variance by selecting favorable, untavorable, or no variance.) Actual Cost Standard Cost Print References Required 2 > Saved Help Save & Exit Check my 7 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 Book Complete this question by entering your answers in the tabs below. Hint AK Required 1 Requires 2 Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each variance by selecting favorable, unfavorable, or na variance. Round "Rate per hour answers to 2 decimal places.) Print Actual Cost Standard Cost erences (Required 1