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

Direct materials (16 pounds @ $4 per pound)	$ 64
Direct labor (3 hours @ $15 per hour)	45

During May the company incurred the following actual costs to produce 8,700 units.

Direct materials (141,800 pounds @ $3.80 per pound)	$ 538,840
Direct labor (30,200 hours @ $15.10 per hour)	456,020

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.