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 $(4$ hours @ $$16$ per hour$)$

During May the company incurred the following actual costs to produce $8,900$ units.

Direct materials $(137,100$ pounds @ $$4\mathrm{.}80$ per pound$)$ $$658,080$

Direct labor $(39,100$ hours @ $$16\mathrm{.}10$ per hour$)629,510$

$AR=$ Actual Rate

$SR=$ Standard Rate

$AQ=$ Actual Quantity

$SQ=$ Standard Quantity

AP $=$ Actual Price

$SP=$ Standard Price

$AH=$ Actual Hours

$SH=$ Standard Hours

$(1)$ Compute the direct materials price and quantity variances.

$(2)$ Compute the direct labor rate variance and the direct labor efficiency variance.

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Compute the direct materials price and quantity variances.

Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.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 $(4$ hours @ $$16$ per hour$)64$

During May the company incurred the following actual costs to produce $8,900$ units.

Direct materials $(137,100$ pounds @ $$4\mathrm{.}80$ per pound$)$ $ $658,080$

Direct labor $(39,100$ hours @ $$16\mathrm{.}10$ per hour$)629,510$

AR $=$ Actual Rate

SR $=$ Standard Rate

AQ $=$ Actual Quantity

SQ $=$ Standard Quantity

AP $=$ Actual Price

SP $=$ Standard Price

AH $=$ Actual Hours

SH $=$ Standard Hours

$(1)$ Compute the direct materials price and quantity variances.

$(2)$ Compute the direct labor rate variance and the direct labor efficiency variance.