Hello, can someone kindly assist me with this problem?

Reed Corp. has setthe following standard direct materials and direct labor costs per unitfor the product it manufactures. Direct materials (15 lbs. @- $5 per lb.) 583 Direct labor (4 hrs. {5! $16 per hr.) 64 During June the company incurred the following actual costs to produce 8,500 units. Direct materials (138,293 lbs. [it $4.36 per ID.) $655,453 Direct labor (3?,BBIB hrs. 9 $16.13 per hr.}. 595,?90 AH = Actual Hours SH = Standard Hours AP = Actual Rate SR = Standard Rate A0 = Actual Quantity.r SQ = Standard Quantity AP = Actual Price SP = Standard Price {1} Compute the direct materials price and quantity variances. {Indicate the effect of each variance by selecting for favorable, unfavorable. and no variance.} {2) Compute the direct labor rate variance and the direct labor efciency variance. [Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.) Corr-Ilene lis queslion by entering your answers in tile tabs hehw. ReuniI-Ed 1 Compute lite direct materials price and quantity variances. Indicate whether each van'anoe is favorable or unfavorable. Required 2 >