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

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Accounting

Lucia Company has set the following standard cost per unit for direct materials and direct labor.
Direct materials (15 pounds a $4 per pound)
$60
Direct labor (4 hours a $15 per hour)
60
During May the company incurred the following actual costs to produce 8,100 units.
Direct materials pounds @ $3.80 per pound)
$471,960
Direct labor (35,900 hours @ $15.10 per hour)
542,090
AR = Actual Rate
SR= Standard Rate
AQ= Actual Quantity
SQ= Standard Quantity
AP= Actual Price
SP= Standard Price
AH= Actual Hours
SH= Standard Hours
Compute the direct materials price and quantity variances.
Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.
Compute the direct labor rate variance and the direct labor efficiency variance.
Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Rate per hour" answers to 2 decimal places.
PLEASE FILL TABLES SHOWN
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