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I need help sloving the rest. Thank You! Lucia Company has set the following standard cost per unit for direct materials and direct labor. Direct

I need help sloving the rest. Thank You!
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Lucia Company has set the following standard cost per unit for direct materials and direct labor. Direct materials (15 pounds @ $4 per pound) Direct labor (3 hours @ $15 per hour) $ 60 45 During May the company incurred the following actual costs to produce 8,300 units. Direct materials (127,700 pounds @ $3.80 per pound) Direct labor (28,000 hours @ $15.10 per hour) $ 485,260 422,800 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 variance. Answer is complete but not entirely correct. Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each variance by se variance. Round "Rate per hour" answers to 2 decimal places.) Actual Cost Standard Cost AQ AR AQ SR SQ SR 28,000 $15.10 28,000 $15.00 24,900 $15.00 $ 422,800 $ 420,000 373,500 Total direct labor variance $2,800 Unfavorable Total variable overhead cost variance x 46,500 Unfavorable Volume variance $ 43,700 Unfavorable

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