Complete this question by entering your answers in the tabs below Required 1Required 2 Compute the direct labor rate and efficiency variances. Indicate whether each variance is favorable or unfavorable. (Do not round intermediate calculations.) Actual C Standard Cost AH AR AH SR SH SR Direct labor rate variance Direct labor efficiency variance Total direct labor variance 0 Favorable 0 rUnfavorable Favorable Required 1 Prev 1 of 1 Next 12:19 PM Check my work Complete this question by entering your answers in the tabs below Required 1 Required 2 Required 1 Compute the direct materials price and quantity variances. (Do not round intermediate calculations.) Actual Cost Standard Cost AQ AP AQ SP SQ 31,000X $ 5.80 31,000 55.75 S 178,250 S 35 S 1,550 178,215 irect materials price variance Direct materials quantity variance Total direct materials variance S 1,550 Unfavorable 178,215 Favorable avorable Required 2> Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the direct labor rate and efficiency variances. Indicate whether each variance is favorable or unfavorable. (Do not round intermediate calculations.) Actual Cost Standard Cost AH AR AH SR SH SR Direct labor rate variance Direct labor efficiency variance Total direct labor variance 0 Favorable o Unfavorable Favorable K Required 1 The following information describes production activities of Mercer Manufacturing for the year Actual direct materials used Actual direct labor used Actual units produced 31,000 lbs. at $5.80 per 1b 10,600 hours for a total of $217,300 63,000 Budgeted standards for each unit produced are 0.50 pounds of direct material at $5.75 per pound and 10 minutes of direct labor at $21.50 per hour AQ Actual Quantity SQ Standard Quantity AP Actual Price SP Standard Price AH Actual Hours SH Standard Hours AR Actual Rate SR Standard Rate (1) Compute the direct materials price and quantity variances (2) Compute the direct labor rate and efficiency variances. Indicate whether each variance is favorable or unfavorable Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the direct labor rate and efficiency variances. Indicate whether each variance is favorable or unfavorable. (Do n intermediate calculations.) ot round Actual Cost Standard Cost AH AR AH SR SH SR 0 Favorable [Unfavorable Direct labor rate variance irect labor efficiency variance Total direct labor variance Favorable Required 1 1 of 1 Complete this question by entering your answers in the tabs below Require ired 2 Required 1 Compute the direct materials price and quantity variances. (Do not round intermediate calculations.) Actual Cost Standard Cost AQ AP AQ SP SQ SP 31,000 x S 5.80 31,000 x $5.75 5.75 179.800 S 178,250 s 35 S 1,550 178.215 Direct materials price variance 1,550 Unfavorable 178,215 Favorable rect materials quantity variance Total direct materials variance Favorable Required 2 >