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Please help its due in 25 minutes and i cant figure it out!!!!! Lucia Company has set the following standard cost per unit for direct

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Lucia Company has set the following standard cost per unit for direct materials and direct labor. Direct materials ( 15 pounds a $4 per pound) Direct labor ( 3 hours @ $15 per hour) $60 45 During May the company incurred the following actual costs to produce 8,800 units. Direct materials (135,300 pounds e $3.80 per pound) Direct labor (30,600 hours @ $15.10 per hour) 514,140462,060 AR = Actual Rate SR= Standard Rate AQ=ActualQuantitySQ=StandardQuantityAP=ActualPriceSP=StandardPrice (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. Compute the direct materials price and quantity variances. Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Total direct materials variance Total variable overhead cost variance Complete this question by entering your answers in the tabs below. Compute the direct labor rate variance and the direct labor efficiency variance. Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no varlance, Round "Rate per hour" answers to 2 decimal places

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