Direct materials $(16$ pounds @ $$3$ per pound$)$ $$48$

Direct labor $(4$ hours a $$15$ per hour$)$

$60$

During June the company incurred the following actual costs to produce $8,100$ units.

Direct materials pounds @ $$2\mathrm{.}80$ per pound$)$

$369,040$

$551,150$

Direct labor hours @ $$15\mathrm{.}10$ per hour$)$

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 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.

Required $1$

Required $2$

Compute the direciflabor rate variance and the direct labor efficiency variance. $($Indicate the effect of each variance by selecting favorable, unfavorable, variance. Round "Rate per hour" answers to $2$ decimal places.$)$