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

Direct materials (16 lbs. @ $4 per lb.)			$64
Direct labor (3 hrs. @ $15 per hr.)			45

During May the company incurred the following actual costs to produce 8,600 units.

Direct materials (139,900 lbs. @ $3.80 per lb.)		$	531,620
Direct labor (29,100 hrs. @ $15.10 per hr.).			439,410

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. Indicate whether each variance is favorable or unfavorable (2) Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or unfavorable.