Compute the direct materlals price and quantity variances. Note: Indicate the effect of each varience by stlecting favorable, unfavocable, of no variance Compute the direct labor rate variance and the direct labor efficiency variance. Note: Indicate the effect of each variace by selecting fovorable, unfovorable, or no variance. Round "Rabe per hour" answers to 2 decimal piaces Camila Company has set the following standard cost per unit for direct materials and direct labor. Direct naterials ( 15 pounds e $5 per pound) Oirect tabor (2 hours e $16 per hour) During June the company incurred the following actual costs to produce 8,300 units. Direct materiats (127,5e8 pounds e $4.70 per pound) $599,250 Direct labor (26,500 hours e $16.15 per hour) 331,075 AR= Actual Rate SR= Standard Rate AO= Actual Quantity 5Q= Standard Quantity AP= Actual Price SP= Standord Price (1) Compute the direct materials price and quantity variances. (2) Compute the direct labor rate variance and the directlabor efficiency variance. Complete this question by entering your answers in the tabs below. Compute the direct materlals price and quantity variances. Note: Indicate the effect of each varience by stlecting favorable, unfavocable, of no variance Compute the direct labor rate variance and the direct labor efficiency variance. Note: Indicate the effect of each variace by selecting fovorable, unfovorable, or no variance. Round "Rabe per hour" answers to 2 decimal piaces Camila Company has set the following standard cost per unit for direct materials and direct labor. Direct naterials ( 15 pounds e $5 per pound) Oirect tabor (2 hours e $16 per hour) During June the company incurred the following actual costs to produce 8,300 units. Direct materiats (127,5e8 pounds e $4.70 per pound) $599,250 Direct labor (26,500 hours e $16.15 per hour) 331,075 AR= Actual Rate SR= Standard Rate AO= Actual Quantity 5Q= Standard Quantity AP= Actual Price SP= Standord Price (1) Compute the direct materials price and quantity variances. (2) Compute the direct labor rate variance and the directlabor efficiency variance. Complete this question by entering your answers in the tabs below