Lucla Company has set the following standard cost per unit for direct materlals and direct labor.

Direct materials $(15$ pounds e $$3$ per por

Direct labor $(3$ hours $$15$ per hour$)$

During May the company Incurred the following actual costs to produce $8,500$ units.

Direct naterials $(130,000$ pounds $$2\mathrm{.}80$ per pound$)$

$ $364,000$

Direct labor $(30,500$ hours $$$15\mathrm{.}10$ per hour$)$

$460,550$

AR $=$ Actual Rate

$SR=$ Standard Rate

$AQ=$ActualQ uantity

$SQ=$ Standard $Q$ uantity

$AP=$ Actual Price

$SP=$ Standard Price

$AH=$ Actual Hours

$SH=$ Standard Hours

$(1)$ Compute the direct materlals price and quantity varlances.

$(2)$ Compute the direct labor rate varlance and the direct labor efficlency varlance.

Complete this question by entering your answers in the tabs below.

Compute the direct materials price and quantity variances.

Nompute the direct materials price and quantity variances. Note the effect of each variance by selecting favorable, unfavorable, or no variance.

$\backslash$table$[[$Actual Cost,,,,,Standard Cost$],[,,,,,,],[,,,,,,],[,,,1,,,],[,5,0,,,$$$,0,,],[,,,,,,],[,,$S$,,,,],[,,0,,,,],[,,,,,,]]$

Pequired $1$

Required $2>$