During June the company incurred the following actual costs to produce 8,900 units Oirect materials (135, 200 pounds o 53:60 per pound) 5516,420 Direct labor ( 30,400 hours i 515,15 per hour) 460,560 AR= Actual Rate SR = Standard Rate AQ= Actual Cuantity 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. Direct materials ( 15 pounds of $4 per pound) Oirect laboe (3 hours is 515 per hour) $60 45 During June the company incurred the following actual costs to produce 8,900 units. Direct auterials (135,960 pounds o 53.00 per pound) 516,420460,566 Direct labor (30,400 houri ie \$\$\$. Is per hour) 46e,560 AR=ActualRateSR=StandardRateAQ=ActualCuantitySQ=StandardQuantityAP=ActualPriceSP=StandardPrice (1) Compute the direct materials ptice 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, unfavaratile, of no varance. Round "Rate per hour" answers to 2 decimal places?)