Camila Company has set the following standard cost per unit for direct materials and direct labor Directmaterials(15poundse$4perpound)Directlabor(2hours2$14perhour)$6028 During June the company incurred the following actual costs to produce 8,400 units. 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 variance and the direct labor efficiency variance. Compute the direct materials price and quantity variances. (Indicate the effect of each variance by selecting favorable, unfav Compute the direct labor rate variance and the direct labor efficiency varlance. (Indicate the effect of each variance by select variance. Round "Rate per hour" answers to 2 decimal places.)