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

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Lucia Company has set the following standard cost per unit for direct materials and direct labor Direct materials (15 pounds 35 per pound) Direct laher (3 hours $15 per hours During May the company incurred the following actual costs to produce 8,200 units Direct materials (126,500 pounds 14.80 per pound) Direct labor (28,900 hours $15.10 per hour! AR Actual Rate SR Standard Rate AQ Actual Quantity SQ-Standard Quantity AP Actual Price SP Standard Price 4.75 607,200 436,390 (1) Compute the direct materials price and quantity variances. (2) Compute the direct labor rate variance and the direct labor efficiency variance. Direct materials (126,500 pounds 14.00 per pound) Direct labor (28.900 hours $15.10 per hour) AR Actual Rate SR Standard Rate AQ-Actual Quantity SQ Standard Quantity AP Actual Price SP- Standard Price $ 607,200 436,390 (1) Compute the direct materials price and quantity variances. (2) Compute the direct labor rate variance and the direct labor efficiency variance. Lucia Company has set the following standard cost per unit for direct materials and direct labor Direct materials (15 pounds 35 per pound) Direct laher (3 hours $15 per hours During May the company incurred the following actual costs to produce 8,200 units Direct materials (126,500 pounds 14.80 per pound) Direct labor (28,900 hours $15.10 per hour! AR Actual Rate SR Standard Rate AQ Actual Quantity SQ-Standard Quantity AP Actual Price SP Standard Price 4.75 607,200 436,390 (1) Compute the direct materials price and quantity variances. (2) Compute the direct labor rate variance and the direct labor efficiency variance. Direct materials (126,500 pounds 14.00 per pound) Direct labor (28.900 hours $15.10 per hour) AR Actual Rate SR Standard Rate AQ-Actual Quantity SQ Standard Quantity AP Actual Price SP- Standard Price $ 607,200 436,390 (1) Compute the direct materials price and quantity variances. (2) Compute the direct labor rate variance and the direct labor efficiency variance.

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