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

Direct materials (15 pounds @ $5 per pound)	$ 75
Direct labor (4 hours @ $16 per hour)	64

During May the company incurred the following actual costs to produce 8,800 units.

Direct materials (135,300 pounds @ $4.80 per pound)	$ 649,440
Direct labor (39,500 hours @ $16.10 per hour)	635,950

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.

(1) Compute the direct materials price and quanity variances. (2) Compute the direct laboe rate variance and the direct labor efficiency wariance. Complete this question by entering your answers in the tabs below. (1) Compute the direct materials price and quantity variances. (2) Compute the direct tabor rate variance and the direct labor eqficiency variance. Complete this question by entering your answers in the tabs below. Compute the direct labor rate variance and the direct labor effolency variance. (indicate the effect of each variance by selecting favorable, unfavorable, or no. variance. Round "Rate per hour" answers to 2 decimal ploces.)