Lucia Company has set the following standard cost per unit for direct materials and direct labor. Direct labor (2 hours $16 per hour) During May the company incurred the following actual costs to produce 8,400 units. Direct materials (128,900 pounds e $3.80 per pound) Direct labor (21,200 hours a $16.10 per hour ) $89,820 341,320 AR=ActualRateSR=StandardRateAQ=ActualQuantitySQ=StandardQuantityAP=ActualPriceSP=StandardPrice (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. AP=ActualPriceSP=StandardPrice (1) Compute the direct materials price and quantity varlances. (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 favorable, unfavo variance, Round "Rate per hour" answers to 2 decimal places.)