Lucia Company has set the following standard cost per unit for direct materials and direct labor.

Direct materials (14 pounds @ $4 per pound)	$ 56
Direct labor (4 hours @ $15 per hour)	60

During May the company incurred the following actual costs to produce 8,600 units.

Direct materials (123,100 pounds @ $3.80 per pound)	$ 467,780
Direct labor (37,800 hours @ $15.10 per hour)	570,780

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.