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Lucia Company has set the following standard cost per unit for direct materials and direct labor. Direct materials ( 1 5 pounds ( a $

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Lucia Company has set the following standard cost per unit for direct materials and direct labor.
Direct materials (15 pounds (a $5 per pound) $75
Direct labor (3 hours @ $15 per hour)45
During May the company incurred the following actual costs to produce 8,200 units.
Direct materials (125,700 pounds @ $4.80 per pound) $603,360
Direct labor hours @ $15.10 per hour)431,860
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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