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

Direct materials $(14$ pounds @ $$3$ per pound$)$

$$42$

Direct labor $(3$ hours $(1)$ $$16$ per hour$)$

$48$

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

Direct materials $(126,800$ pounds @ $$2\mathrm{.}80$ per pound$)$

Direct labor $(31,200$ hours $ $$16\mathrm{.}10$ per hour$)$

$$355,040$

$502,320$

$AR=$ 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 $2$

Compute the direct materials price and quantity variances.

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

Required $1$