Matual direct fateriali used Actial direot labor uaed 16,400 pounda at 54,25 per, pound 17,035 hourt it 523 per hour Standard quantity and rate per usit for direct labor 0,50 hour at 524 per hour AR= Actusi Rate SR = Standard Rate AQ= Actual Quanuty SQ = Standord Quantity AP = Actual Picice Sp im Standard Price (1) Compute the direct materials price arnd quantity variances. (2) Compute the direct labor rate and efficiency wariances. Complete this question by entering your answers in the tabs below. Compute the direct materials price and quantity variances. (Indicate the effiect of each variance by selecting favorable, unfavorable, or no Variance, (1) Compute the direct materials price and quantity variances. (2) Compute the direct labor rate and efficiency variances. Complete this question by entering your answers in the tabs below. Compute the direct materials price and quantity variances. (Indicate the effect of each variance by selecting favorable, unfavarable, or no variance.) (1) Compute the direct materials price and quantity variances. (2) Compute the direct labor rate and efficiency variances. Complete this question by entering your answers in the tabs below