Lucla Company has set the following standard cost per unt for direct materials and direct labor Durtng May the compary incurred the following actual costs to produce 9,000 units. Direct naterials (113), eee pounds a 33.75 per pound) Direct labor (31, bee hours e 515.10 per haur) 3517,500468,100 AR=ActualRateSR=StandardRateAQ=ActualQuantitySQ=StandardQuanttyAP=ActualPriceSP=StandardPrice (1) Compute the direct materials price and quantity varlances. (2) Compute the direct labor rate variance and the direct labor efficiency varlance. Complete this question by entering your answers in the tabs below. Lucla Compary has set the folowing standard cost per unit for direct materlals and ditect labor. During May the company incurred the following actual costs to produce 9,000 units. Direct materlals (138, eee pounds e 33.75 per pound) birect labor (31, eeo hours e 515. 1e per hour) 5517,500468,100 AR=ActualRateSR-StandardRate AQ=ActualQuantitySQ-StandardQuantityAP=ActualPriceSP=StandardPrce (1) Compute the direct materials price and quantity vartances. (2) Compute the direct labor rate varlance and the direct lobor efficiency vatlance. 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 zolecting fivorable. unfovorable. or no variance. pound "Rate per boue" anowern to 2 docimal ploces.)