Information for a company's production activities for this year follows. Standard quantity and price per unit for direct materials Standard quantity and rate per unit for direct labor Actual direct materials used Actual direct labor used Actual units produced 3 pounds at $4.00 per pound 2 hours at $46.00 per hour 37,900 pounds at $4.05 per pound 19,880 hours at $46.10 per hour. 10,380 units AH Actual Hours AQ Actual Quantity. SH Standard Hours SQ Standard Quantity AR Actual Rate AP Actual Price SR Standard Rate: SP Standard Price Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the direct materials price and quantity Variances. Indicate whether each is favorable or unfavorable. Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Actual Cost 0 S 0 $ 0 $ 0 Standard Cost