Hutto Corp. has set the following standard direct materials and direct labor costs per unit for the product it manufactures.

Direct materials (15 lbs. @ $3 per lb.)			$45
Direct labor (3 hrs. @ $14 per hr.)			42

During May the company incurred the following actual costs to produce 8,200 units.

Direct materials (126,300 lbs. @ $2.80 per lb.)		$	353,640
Direct labor (29,400 hrs. @ $14.10 per hr.).			414,540

AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate (1) Compute the direct materials price and quantity variances. (2) Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or unfavorable.