Direct labor (3 hours @ \$15 per hour) During June the company incurred the following actual costs to produce 8,700 units. Directmaterials(124,600pounds@$3.80perpound)Directlabor(30,600hours@$15.15perhour)AR=ActualRateSR=StandardRateAQ=ActualQuantitySQ=StandardQuantityAP=ActualPriceSP=StandardPrice$473,480463,590 (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