During June the company incurred the following actual costs to produce 8,500 units. birect materials (138,100 pounda $2,70 per pound ) Direct labor (20,100 houri \& $15,15 per bour ) 572,870 304,515 AR= Actual Rate SR= Standard Rate AQ= Actual uantity 50= 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, (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. (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. Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each variance by selecting favorable, untavorable, or ne variance. Round "Rate per hour" answers to 2 decimal places.)