The following data is given for Tesla Ines 1.200 units Actual production Materials: Standard price per pound Standard pounds per completed unit Aqual pounds purchased and used in production Actual price paid for materials Labor: Standard hourly labor rate Standard hours allowed per completed unit Actual labor hours worked Actual total labor costs 52.25 14 14,000 $42.000 $15 per hour 5 6,200 $85,500 Compute the direct materials price and quantity variances for Tesla Inc. If applicable, round your answers to two decimal places. Edit View Insert Format Tools Table V | 2 12pt Paragraph V E The following data is given for Tesla Inc. 1.200 units $225 Actual production Materials: Standard price per pound Standard pounds per completed unit Aqual pounds purchased and used in production Actual price paid for materials Labor: Standard hourly labor rate Standard hours allowed per completed unit Actual labor hours worked Actual total labor costs 14,000 $42.000 $15 per hour 6,200 $85,500 Compute the direct labor rate and time variances for Tesla Inc. If applicable, round your answers to two decimal places. Edit View Insert Format Tools Table 12pt v Paragraph BS ev o