Comifa Company has set the following standard cost per unit for direct materials and direct labor Direct matertals (16 poonds 4.33 per poubd) 5. 48 birect labor (2 beore e $15 per hour) 30 During June the compary incurred the following actual costs to produce 8,300 units. Direct materials (135, 500 pounds 8,32,75 per pousa) oirect laboe (20,300 bours $515.20 per bour ) 372,625308,560 AR = Actual Rate SR= Standard Rate AO= Actual Quant SO = 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. Compute the direct materials price and quantity variances. Note: Inigicate the effect of edch variance ty selecting favorable, unfavorable, of no variance. Direct materiels (16 pounds i $3 per pousd) 540 Direct labor 12 bourn e s15 per bour) 30 During June the company incurred the following actual costs to produce 8,300 units. Direct materialn (135,500 poundn 9$2.75 per pound) 5. 372,625 Direct labor (20,300 hours e $15,20 per hoar) 300,560 AR=ActualRateSR=StandardRateAQ=ActualQuantitySQ=StandardQuantityAP=ActualPriceSP=StandardPrice (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. Compute the direct laber rate variance and the direct labor efficiency varience. Note: Indicate the effect of each variance by selecting favorable, unfavorabie, or no variance. Round "Rate per hour" answers to 2 decirnal places