Lucia Company has set the following standard cost per unit for direct materials and direct labor. Standard costs: Standard Quantity Standard Price Standard Cost Direct materials (15 pounds @ $4 per pound) 15 $4.00 $60 Direct labor (3 hours @ $15 per hour) 3 $15.00 $45 During May the company incurred the following actual Actual Units 9,000 costs to produce 9,000 units. Actual Actual Actual Actual costs: Quantity Price Cost O Direct materials (138,000 pounds @ $3.75 per pound) 138,000 $3.75 $517,500 1 Direct labor (31,000 hours @ $15.10 per hour) 31,000 $15.10 468,100 12 13 AR Actual Rate 14 SR Standard Rate 15