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HELP ASAP!! 1 question 2 parts The following information relates to production activities of Mercer Manufacturing for the year. Actual direct materials used Actual direct

HELP ASAP!! 1 question 2 parts
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The following information relates to production activities of Mercer Manufacturing for the year. Actual direct materials used Actual direct labor used 16,680 pounds at $4.35 per. pound Actual units produced Standard quantity and price per unit for direct materials 0.50 pound at $4.30 per pound Standard quantity and rate per unit for direct labor 0.50 hour at $26 per hour AR=ActualRateSR=StandardRateAQ=ActualQuantitySQ=StandardQuantityAP=ActualPriceSP=StandardPrice (1) Compute the direct materials price and quantty variances. (2) Compute the direct labor rate and efficiency variances. Complete this question by entering your answers in the tabs below. (2) Compute the direct labor rate and efficiency variances. Complete this question by entering your answers in the tabs below. Compute the direct materials price and quantity variances; (Indicate the effect of each variance by selecting favorable, unfavorable, or no varlance.) (1) Compute the direct materials price and quantity variances. (2) Compute the direct labor rate and efficiency variances. Complete this question by entering your answers in the tabs below

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