Tube Maps Activity Stream 252Fims.mheducation.com%252Fmgmiddleware Pearson Sign In Saved Help During May the company incurred the following actual costs to produce 8,500 units. Direct materials (121,600 lbs. & 53.80 per lb.) Direct labor (29,800 hrs. $15.10 per hr.). $462,050 449,90 AH = Actual Hours SH - Standard Hours 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 (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.) (2) Compute the direct labor rate variance and the direct labor efficiency variance indicate the effect of each varlance by selecting for favorable, unfavorable, and no variance. Round "Rete per hour" answers to 2 decimal places) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the direct materials price and quantity variances. Indicate whether each variance is favorable or unfavorable. Actual Cost X AQ AP AQ Standard Cont X SP 0 SO X x SP X $ 0 $ 0 Direct materials price variance Direct materials quantity variance Total direct materials variance 0 Required 2 > Dyoning your answers in the tabs below. Required 1 Required Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or und vorable $ 0 $ 0 0 hurch o 9 Tube Maps Activity Stream 252Fims.mheducation.com%252Fmgmiddleware Pearson Sign In Saved Help During May the company incurred the following actual costs to produce 8,500 units. Direct materials (121,600 lbs. & 53.80 per lb.) Direct labor (29,800 hrs. $15.10 per hr.). $462,050 449,90 AH = Actual Hours SH - Standard Hours 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 (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.) (2) Compute the direct labor rate variance and the direct labor efficiency variance indicate the effect of each varlance by selecting for favorable, unfavorable, and no variance. Round "Rete per hour" answers to 2 decimal places) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the direct materials price and quantity variances. Indicate whether each variance is favorable or unfavorable. Actual Cost X AQ AP AQ Standard Cont X SP 0 SO X x SP X $ 0 $ 0 Direct materials price variance Direct materials quantity variance Total direct materials variance 0 Required 2 > Dyoning your answers in the tabs below. Required 1 Required Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or und vorable $ 0 $ 0 0 hurch o 9