Lucat Compariy hat cot wo cosow. Ao atanuazd cost per unit for difect materials and direct fabor During May the compony incumed the following ectuol costs to produce 8,300 units oirect eaterlats (135, 6e0 pouncts of 33 , be per pound) Dirvet lator (28,3 hours e s11, ie per nour) 3313,060 442,430 AP= Actual Rate SA - Standard Rote Aa H.Actwal Quartity SQ - Standiard Quantity. AP= Armial Hrice SP - Standard Price (1) Compute the dlrect materials price and quanty variances: (2) Compute the direct labor rate variance and the direct lobor emicency vanance. (I) Compite ine drect materibis price and quantity vanances: (2) Compute the direat labor rate vanance and the direct labor efficiency variance Complete this question by entering your answers in the tabs below. Compute the direct labolrate variance and the direct labor efficiency variance. (Indicate the effect of each variance by selecting favc, vanance. Round "Rate per hour" answers to 2 decmai places.) Camila Company has set the following standard cost per unit for direct materials and direct labor. Direct materials (14 pounds 9$5 per pound) Direct labor ( 2 hours \& $15 per hour) $70 During June the company incurred the following actual costs to produce 8,100 units. Direct materials (116,100 pounds 8$4.75 per pound ) Direct labor (19,960 hours \& $15.10 per hour) $551,475 300,490 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. Compute the direct materials price and quantity variances. (Indicate the effect of each variance by selecting favorable, unfavorable, or no varia (1) Compune ine unecy moithans price and quatruy valiances. (2) Compute the direct labor rate variance and the direct labor efficiency variance. Complete this question by entering your answers in the tabs below. Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each variance by selecting favorab variance. Round "Rate per hour" answers to 2 decimal places.)