ezto.mheducation.com/ext/l Mc yt h huhiu M mail outlook canvas Graw mgh 7 2023 MSJ Varsity... M pter 8 Homework 6 S kipped Lucia Company has set the following standard cost per unit for direct materials and direct labor. Direct materials (15 pounds @ $5 per pound) Direct labor (2 hours @ $14 per hour) $ 75 28 During May the company incurred the following actual costs to produce 8,400 units. Direct materials (128,300 pounds @ $4.80 per pound) Direct labor (20,600 hours @ $14.10 per hour) $ 615,840 290,460 eBook Hint AR = Actual Rate SR Standard Rate AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP AH Print SH ferences Standard Price Actual Hours Standard Hours (1) Compute the direct materials price and quantity variances. (2) Compute the direct labor rate variance and the direct labor efficiency variance. EPC raw Complete this question by entering your answers in the tabs below. Required 1 Required 2 Saved Compute the direct labor rate variance and, the direct labor efficiency variance. Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Rate per hour" answers to 2 decimal pl Actual Cost Standard Cost 105 zoom $ 0 ( $ 0 O 0 < Required 1 Required 2 F DC? C? 360 F1 F2 80 F3 a F4 1 ! @ 2 #3 $ 4 % o LO 5 F5 21 < Prev 6 of 7 MAY 4 MacBook A 6> F6