Lucia Company has set the following standard cost per unit for direct materials and direct labor. Direct materiala (15 pounds e $4 per pound) Direct labor (3 hours \& $15 per bour) $60 During May the company incurred the following actual costs to produce 9,000 units. Direct materiala (138,000 pounds \& $3.75 per pound Direct labor (31,000 hours \& $15.10 per hour ) AR= Actual Rate SR= Standard Rate AQ= Actual Quantity SQ= Standard Quantity AP= Actual Price SP= Standard Price Direct materiala (138,000 pounds e $3.75 per pound) $517,500 Direct labor (31,000 hours e $15.10 per hour) 468,100517,500 (1) Compute the direct materials price and quantity variances, (2) Compute the direct labor rate variance and the direct labor efficlency variance. Complete this question by entering your answers in the tabs below. Compute the direct materials price and quantity variances, (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.)