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

Direct materials $(15$ pounds @ $$5$ per pound$)$

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

During May the company incurred the following actual costs to produce $8,400$ units.

Direct materials $(129,700$ pounds @ $$4\mathrm{.}80$ per pound$)$

$$622,560$

Direct labor $(36,900$ hours @ $$16\mathrm{.}10$ per hour$)$

$594,090$

$AR=$ 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 $1$

Compute the direct materials price and quantity variances.

Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.