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Directmaterials(117,600pounds@$4.75perpound)Directlabor(28,000hours@$15.15perhour)$558,600424,200 AR= Actual Rate SR= Standard Rate AQ= Actual Quantity SQ= Standard Quantity AP= Actual Price SP= Standard Price (1) Compute the direct materials price

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Directmaterials(117,600pounds@$4.75perpound)Directlabor(28,000hours@$15.15perhour)$558,600424,200 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

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