Lucia Company has set the following standard cost per unit for direct materials and direct labor.

Direct materials $(14$ pounds a $$4$ per pound$)$

$$56$

Direct labor $(3$ hours & $$15$ per hour$)$

$45$

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

Direct materials pounds a $$3\mathrm{.}80$ per pound$)$

$$482,980$

Direct labor $(31,500$ hours a $$15\mathrm{.}10$ per hour$)$

$475,650$

$AR=$ 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.

Complete this question by entering your answers in the tabs below.

Required $1$

Required $2$