During May the company incurred the following actual costs to produce 9.000 units. Direct materials (146,500 pounds 9$3.80 per pound) Direct labor (39,600 hours 9$15,10 per hour ) 550,700597,060 AR=ActualRateSR=StandardRate AQ=ActualQuantitySQ=StandardQuantity-AP=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. SQ= stanoara cuantity 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. su = stancaro Guantity 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. Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Rate per hour' answers to 2 decimal places.)