The following information relates to production activities of Mercer Manufacturing for the year.

Actual direct materials used

Actual direct labor used

Actual units produced

$17,900$ pounds at $$5\mathrm{.}00$ per pound

$18,535$ hours at $$38$ per hour

$33,800$

Standard quantity and price per unit for direct materials

$0\mathrm{.}50$ pound at $$4\mathrm{.}95$ per pound

Standard quantity and rate per unit for direct labor

$0\mathrm{.}50$ hour at $$39$ 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.

$(2)$ Compute the direct labor rate and efficiency variances.

Complete this question by entering your answers in the tabs below.

Required $1$

Required $2$

Compute the direct materials price and quantity variances.

Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.

$$ Actual Cost $$ Standard Cost