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

Direct materials $(14$ pounds @ $$5$ per pound$)$

$$70$

Direct labor $(3$ hours @ $$16$ per hour$)$

$48$

During May the company incurred the following actual costs to produce $8,100$ units.

Direct materials pounds @ $$4\mathrm{.}80$ per pound$)$

Direct labor hours @ $$16\mathrm{.}10$ per hour$)$

$$58,720$

$458,850$

$AR=$ 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.

Complete this question by entering your answers in the tabs below.

Required $1$