Lucia Company has set the following standard cost per unit for direct materials and direct labor. Directmaterials(15pounds$4perpound)Directlabor(3hours&$15perhour)$6045 During May the company incurred the following actual costs to produce 9,000 units. Direct materiais (138,000 pounds e $3.75 per pound) $517,500 Direot Iabor ( 31,000 hours e $15.10 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 varlance. Complete this question by entering your answers in the tabs below. Compute the direct materiais price and quantity variances. Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance