Direct naterials (128, e0e pounds 83.99 per pound) Direct labor ( 37,690 hours of $16.10 per hour) $486,400 AR= Actual Rate SR= Standard Rate AQ= Actual Q Quntity SQ= Standard Quantlty AP= Actual Prlce SP = Standard Prlce (1) Compute the direct materlals price and quantity varlances. (2) Compute the direct labor rate varlance and the direct labor efficlency varlance. Complete this question by entering your answers in the tabs below. (2) Compute the direct labor rate varlance and the direct labor efficiency varlance. Complete this question by entering your answers in the tabs below. Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each variance by selecting favorable, unfavorable, o variance. Round "Rate per hour" answers to 2 decimal places.)