Ok t ht ences Exercise 21-12 (Algo) Direct materials and direct labor variances LO P3 Camila Company has set the following standard cost per unit for direct materials and direct labor. Direct materials (14 pounds $3 per pound) Direct labor (2 hours $14 per hour) $ 42 28 During June the company incurred the following actual costs to produce 8,100 units. Direct materials (115,400 pounds $2.70 per pound) Direct labor (21,100 hours $14.15 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. $ 311,580 298,565 (2) Compute the direct labor rate variance and the direct labor efficiency variance. Complete this question by entering your answers in the tabs below. < Prev 5 of 7 Nex> Apps M Omal YouTube Maps HUTM-CFE Canva Docs M Ginal Deutsche Bank 10 Accounting Contemporary A My C CO Ch21 Homework Seved Help Save & Exit Sub Check my work 5 14.2 points (1) Compute the direct materials price and quantity variances (2) Compute the direct labor rate variance and the direct labor efficiency variance. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the direct materials price and quantity variances. (Indicate the effect of each variance by selecting favorable, unfavorable, or variance P Actual Cost Regulied Required 2> Standard Cost Prev 5 of 7 Next >> Ch21 Homework 5 14.28 point Priv Seve Help Save & Exit Submit Check my wirk (1) Compute the direct materials price and quantity variances (2) Compute the direct labor rate variance and the direct labor efficiency variance. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each variance try selecting favorable, unfavorable, or no variance. Round "Rate per hour" answers to 2 decimal places.) Actual Cost Standard Cost Graw G