Please and Thank you for the Help.

Hutto Corp. has set the following standard direct materlals and direct labor costs per unit for the product it manufactures. Direct materials (15 lbs. $4 per lb.) $60 Direct labor (4 hrs. @ $14 per hr.) 56 During May the company incurred the following actual costs to produce 8,500 units. Direct materials (131,400 lbs. $3.80 per 1b.) Direct labor (38,900 hrs. e $14.10 per hr.). $499,320 548,490 AQ Actual Quantity SQ Standard Quantity AP Actual Price SP Standard Price AH Actual Hours SH Standard Hours AR Actual Rate SR Standard Rate (1) Compute the direct materlals price and quantity varlances (2) Compute the direct labor rate varlance and the direct labor efficlency varlance. Indicate whether each variance is favorable or unfavorable. Complete thls questlon by entering your answers In the tabs below. Required 1 Required 2 Compute the direct materlals price and quantity varlances and classify It as favorable or unfavorable. Actual Cost Standard Cost Required 2 Complete this auestion hy entering your answers in the tabs below. Required 2 Required 1 Require 2 Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or unfavorable. Actual Cost Standard Cost Required 1