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Camila Company has set the following standard cost per unit for direct materials and direct...

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Accounting

Camila Company has set the following standard cost per unit for direct materials and direct labor.
Direct natentals (14 pounds if is per pound)
Direct labor (2 hours &e $16 per hour)
56
32
During June the company incurred the following actual costs to produce 8,800 units
Direct nsterials (125,300 pounds of $3.80 per pound)
oirect labar (22,599 hours of $16,15 per hour)
5476,140
363,375
AR= Actual Rate
SR= Standard Rate
AQ= Actual Quantity
SQ= Standard Quantity
AP= Actual Price
SP= Standard Price
AQ= Actual Quaritity
SQ= Standard Quantity
AP - Actual Price
SP = Standard Price
(1) Compute the direct materials price and quantity variances.
(2) Compute the direct labor fate varlance and the direct labor efficiency variance.
Complete this question by entering your answers in the tabs below.
Required 1
Cumpute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each variance by selecting favorabie, unfavorable, or no variance, Round 'Rate per hour' answers to 2 decimal places.)
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