Hutto Corp. has set the following standard direct materials and direct labor costs per unit for the product it manufactures. During May the company incurred the following actual costs to produce 8,200 units. AH=ActualHoursSH=StandardHoursAR=ActualRoteSR=StandardRateAQ=ActualQuantitySQ=StandardQuantityAP=ActualPriceSP=StandardPrice (1) Compute the direct materials price and quantity variances. (Indicate the effect of each variance by selecting for favorable, unfovorable, and no variance.) (2) Compute the direct labor rate variance and the direct labor efficiency varlance. (Indicate the effect of each voriance by selecting for fovoroble, unfovorable, ond no voriance. Round "Rote per hour" onswers to 2 decimal ploces.) AH=ActualHoursSH=StandardHoursAR=ActualRateSR=StandardRateAQ=ActualQuantitySQ=StandardQuantityAP=ActualPriceSP=StandardPrice (1) Compute the direct materials price and quantity variances. (Indicate the effect of eoch variance by selecting for fovoroble, unfovorable, and no variance.) (2) Compute the direct labor rate variance and the direct labor efficlency variance. (Indicate the effect of each vorionce by solecting for favorable, unfovorable, ond no voriance. Round "Rate per hour" answers to 2 decimal places.) Complete this question by entering your answers in the tabs below