Lucla Compary has set the following standard cost per unt for direct materials and airect labor. oirest labor. (4 hours esis per hour) 37 During May the compony incurred the following actuat costs to produce 8,900 unnts is isa,ete AR=ActualRateSR=StandardRateAQ=ActuaiQuantitySQ=StandardQuantityAP=ActualPriceSP=StandardPrice (1) Compute the direct materials price and quantify varances (2) Compute the direct labor rate variance and the direct labor efficiency variarice. Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Compute the direct labor rate variance and the direct labor atficiency variance. (Indicate the effect of each variance by selecting favorable, unlavorable, or no