Lucia Company has set the following standard cost per unit for direct matenals and directioon birect materials (a6 pounds e { per pound) Direct labiec (4 hours i 414 per hour) During May the company incurred the following actual costs to produce 8,600 units. oirect materiats (139, 900 pounds e \$3.80 per pound) Direct labor ( 88,409 hours Q \&.14. 10 per hour) 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. Complete this question by entering your answers in the tabs below. Compute the difect materialsi price and quantity variances: ) Compute the direct labor rate variance and the direct labor efficiency variance Complete this question by enteriag your answers in the tabs tielew. I Cornpute the dircect materials price and quantity variances C Compute the dircet raaterials price and quantiry variances compince, rtound "Pate par lout" anewory to ?2 dncimall placess)