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 (2 hours @ $15 per hour)	30

During May the company incurred the following actual costs to produce 8,300 units.

Direct materials (127,500 pounds @ $4.80 per pound)	$ 612,000
Direct labor (21,300 hours @ $15.10 per hour)	321,630

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.