Lucia Company has set the following standard cost per unit for direct moterlats and durect labot Direct materials (26 pounds \& 14 peri pound) biswet laser (4 heurs \& 424 per. hoor) Dunng May the company incurred the following actual costs to produce 8200 units: AR=ActuatRaie SF = Stancordfate 5Q=5 Standat thentich 3P - Actuo Price 50 = standero Frice Complets this queation iry entoring your anowars in the talis belaw. (1) Compute the direct materials price and quantity variances (2) Compute the direct labor rate variance and the direct labor effictency vartance Complete this question by entering your answers in the tabs below. (1) Compute the direct materiais price and quantity variances. (2) Compute the direct labor rate variance and the direct labor efficiency variance Complete this questinin by entering your answers in the tabs below. Lucia Company has set the following standard cost per unit for direct materlals and direct labor. Direct materials ( 16 pounds e $4 per pound) Direct labor (4 hours \& \$14 per hour) During May the company incurred the following actual costs to produce 8.200 units. Direct materials (133,990 pounds e $3.80 per pound) Direct labor (36,090 hours $14,10 per hour ) 5508,820 507,600 AR= Actual Rate SR= Standard Rate AQ= Actual Quantity (1) Compute the direct materials price and quantity vartances (2) Compute the direct labor rate variance and the direct labor efficlency variance Complete this question by entering your answers in the tabs below. (1) Compute the direct materials price and quantity variances. (2) Compute the direct labor rate variance and the direct labor efficiency varlance Complete this question by entering your answers in the tabs below. Compute the direct labor rate variance and the direct labor efficlency variance. (indicate the effect of each variance by solicel variance. Round "Rate per hour" answers to 2 decimal places.)