Direct materials (141,500 pounds 9$3.80 per pound) Direct labor ( 38,700 hours e $15.10 per hour) 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. pute the direct materials price and quantity variances. (Indicate the effect of each variance by selecting favorable. unfavorable