Lucia Company has set the following standard cost per unit for direct materials and direct labor: During May the company incurred the following actual costs to produce 9,000 units. Direct materi1s (138,000 pounds $33.75 per pound ) Direct labor (31,000 hours \& $15.10 per hour ) AR= Actual Rate SR= Standard Rate S17,500 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 varianc and the direct labor efficiency varianci. Compute the direct materials price and quantity variances. (Indicate the effect of each variance by selecting favorable, unfavorable, o Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each variance by selecting favor unfavorable, or no variance. Round "Rate per hour" answers to 2 decimal places.)