Lucia Company has set the following standard cost per unit for direct materials and direct labor. Direct materials (15 pounds @ $5 per pound) $75 Direct labor (3 hours @ $15 per hour) 45 During May the company incurred the following actual costs to produce 9,000 units. Direct materials (137,800 pounds 54.80 per pound) $ 661,440 Direct labor (30,800 hours $15.18 per hour) 453,000 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 Required2 Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each variance by selecting favorable. vanance. Round "Rate per hour answers to 2 decimal places.) Actual Cost AQ 30,000 SR Standard Cost 30,000 SR SO SR $ 0 0 Compute the direct materials price and quantity variances. 5) 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 Required 2 Compute the direct labor rate variance and the direct labor efficiency anance. (Indicate the effect of each variance by selecting favorable unfavorable, or variance. Round "Rate per hour answers to 2 decimal places.) Actual Cost Standard Cost AQ SR AQ SR SQ 30.000 30.000 SR $ 0 5 s Rate variance Emcency variance Total direct labor vanance 0