Complete this question by entering your answers in the tabs below. Compute the direct materials price and quantity variances. (Indicate the effect of each variance by selecting favorable, unfavorable, or no vatiance Camila Company has set the following standard cost per unit for direct materials and direct labor. Direct materials ( 15 pounds e $4 per pound) Direct labor ( 3 hours of $14 per hour) \$ 60 During June the company incurred the following actual costs to produce 8,900 units. Direct materials (136,200 pounds 9$3.75 per pound ) oirect labor (30,500 hours e $14,15 per hour) 5510,750 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 varlances. (2) Compute the direct labor rate variance and the direct labor efficlency variance. Complete this question by entering your answers in the tabs below. Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each variance by selecting favorable, unfavor variance. Round "Rate per hour" answers to 2 decimal ploces