IE Exercise 21-12 (Static): Direct materials and direct labor variances LO P3 Camila Company has set the following standard cost per unit for direct materials and direct labor. Direct materials (10 pounds o $3 per pound) Direct labor (2 hours a $12 per hour) $30 During June the company incurred the following actual costs to produce 9,000 units. Direct materiats (92,000 pounds e $2.95 per pound) Direct labor (18,800 hours e $12,05 per hour) $517,590 AR= Actual Rate SR= Standard Rate AQ= Actual Quantity