Lucia Company has set the following standard cost per unit for direct materials and direct laboc. Direct naterials ( 15 pounds 53 per pound) Direet labor ( 3 hours e $15 per hour) 545 During May the company incurred the following actual costs to produce 8,900 units. Directmatertals(136,300pounds952,00perpound)Directlabor(30,100hourse$15,10perhour)AR=ActualRateSR=StandardRateAQ=ActualQuantitySQ=StandardQuantityAP=ActualPriceSP=StandardPrice591,640454,510 (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. (1) Compute the direct materials price and quantity variances. (2) Compute the direct labor rate varlance and the direct labor efficlency variance. Complete this question by entering your answers in the tabs below. Compute the direct labor rate variance and the direct labor efficiency variance, (Indicate the effect of each variance by selecting favorable, unfovorable, or no variance, Aound "Rate per hour" answers to 2 decimal places.)