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-ucla Company has set the following standard cost per unit for direct materials and direct labor. AR= Actual Rate SR= Standard Rate AQ=Actual Quantity SQ= Standard Quantity AP= Actual Phce SP= Standard Plice (1) Compute the direct materials price and quantity varlances. (2) Compute the direct labor rate variance and the ditect labor efficiency variance. Answer is not complete. Complete this question by entering your answers in the tabs below. Lucla Company has set the following standard cost per unit for direct materials and direct labor: During May the company incurted the following actual costs to produce 8,300 units AR= Actual Rate SR= Standard Rate AQ= Actual Quantity 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 vartance. (x) Answer is not complete. 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 alfect of each variance by salecting faverabla, unisverable. or no variance. Hound "late per hour" answers to 2 decimal places.)