Lucia Company has set the following standard cost per unit for direct materials and direct labor. Direct materiale (15 pounds per pound) $ 75 Direct labor 12 hours . $15 per hour) 30 During May the company incurred the following actual costs to produce 8,400 units. Direct materials (129,300 pounds $4.80 per pound) $ 620,640 Direct labor (20,400 hours $15.10 per hour) 308,040 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 lobor rote variance and the direct labor efficiency variance, Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the direct materials price and quantity variances. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Actual Cont Standard Cost Prev A 10 FHE Next 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 Complete this question by entering your answers in the tabs below. Required Required 2 Compute the direct materials price and quantity variances. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Actual Cost Standard Cost $ 0 $ 0 $ 0 Hoguld 1 Required 2 > 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each variance by selecting favorable, unfavorable, or no per places Actual Cost Standard Cost $ 0 $ 0 $ 0 0