Question: Direct materials (16 lbs. $4 per b. Direct labor (4 hrs. s16 per hr. $64 64 During May the company incurred the following actual costs

actual costs to produce 8,600 units. Direct materials (139,600 lbs. $3.80 per

Direct materials (16 lbs. $4 per b. Direct labor (4 hrs. s16 per hr. $64 64 During May the company incurred the following actual costs to produce 8,600 units. Direct materials (139,600 lbs. $3.80 per 1b.) Direct labor (38,400 hrs. e $16.10 per hr.) $530, 480 618,240 AQ Actual Quantity SQ Standard Quantity AP = Actual Price SP= Standard Price AH = Actual Hours SH Standard Hours AR = Actual Rate SR- Standard Rate (2) Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorabl unfavorable

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