Direct materials ( 136,89 pounds 94.89 per pound) $656,64 Direct labor ( 31,700 hours $15.10 per hour) 478,670 AR=ActualRateSR=StandardRateAQ=ActualQuantitySQ=StandardQuantityAP=ActualPriceSP=StandardPrice (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