Lucia Company has set the following standard cost per unit for direct materials and direct labor, Directmoterials(15poundse54perpound)oirectlabor(3haurs515perhour)s6045 olrect labor (3 haurs e 515 per hour) During May the company incurred the following actual costs to produce 9,000 units AR= Actual Rate SR= Standard Rate AQ= Actual Quantity SQ= Standard Quantity AP= Actual Price SP= Standard Price (1) Compute the direct materiats price and quantity variances (2) Compute the direct labor rate varlance and the direct labor efficiency variance. Complete this question by entering your answers in the tabs below. Direct-aterlals(138,000pounds8.33.75perpound)Oirectlabor(31,090hours8515.10perhour)AR=ActualRateSR=5tandardRate:AQ=ActualQuantitySQ=StandardQuantityAP=ActualPticeSP=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. Compute the direct labor rate variance and the direct labor efficiency varlance. (Indicate the effect of each varlance by melecting favorable. unfavorable, of no variance. Hound "Rateper hour" answers to 2 decimal places.)