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Lucia Compary has set the following standard cost per unit for direct materials and doect labor olrect materialt \{at pounds e st per. poud) birect iater (3 hoars is 135 per hour) During May the company incurred the following actuat costs to prodice 8200 unts olrect wiperlats (117, 30e pounds e s3ie6 per pound) oirect laboe (2hiseo hours io sts.ze per bour) 344,740 410,140 AR=ActialRateSR-StandardRateAC=ActualQuantitySQ=StardaadGuartifyAP-ActualPriceSP=StandardPrice (7) Compore the direct materials price and quantity warances (2) Compute the direct labor rate varance and the direct labor eficiency variance. Camplete this quection toy entering your answers in the tabs below. Compute the direct materiats peice and quantity variances finter indirate the eftect of each variance by sulecting frowrable, unfivorable, or no variance. Lucia Compurry has set the following standaed cost per unit for direct materials and divect labor Direct waterials (14 poundy 44 per pound) birect liber (a hours e sis per hour) Duning May the company incurred the following actuat costs to grocfuce 8,200 unts birect anterials (11), 30e pounds e k3, wh per pond ) Direct lator the, stod hours 9 315. ie per hour) 545,760 AR= Actual Rate St = Standard Rate AQ= Actual Quantty SQ= Standard Quantity AP = Actual Price SP = Standard Price (1) Computte the direct materials price and quantify variances. (2) Compute the drect labor rate varance and the direct labor efliciency variance Conplete this question by entering your answers in the tatrs below. Compute the direct labor rate variance and the direct baber etlidency vaitance. Peote, indicate the effect of each vatance by celectimp fovorable, unfiworable, of no varance, found "late per hour? answere to 2 deaimal places

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