Question: please fill in the tables Exercise 21-15 (Algo) Direct materials and direct labor variances LO P3 The following information relates to production activities of Mercer

please fill in the tables  please fill in the tables Exercise 21-15 (Algo) Direct materials and
direct labor variances LO P3 The following information relates to production activities
of Mercer Manufacturing for the year: Actual direct waterials used Actual direct

Exercise 21-15 (Algo) Direct materials and direct labor variances LO P3 The following information relates to production activities of Mercer Manufacturing for the year: Actual direct waterials used Actual direct 1 abor used Actual units produced Standard quantity and price per unit for direct materia1s per pound 9.50 pound at sh.7s per standard quantity and pate per unit for direct labon 9.56 hour at 5a5 per hour AR= Actual Rate SR=StandardRate AQ=Actual Quantity SQ= Standard Quantity AP= Actual Price SP = Standard Price (1) Compute the direct materials price and quanuty variances. (2) Compute the direct labor rate and efficiengy varrances. (1) Compute the direct materials price and quantity variances. (2) Compute the direct labor rate and efficlency variances. Complete this question by entering your answers in the tabs below. Compute the direct materials price and quantity variances. (Indicate the effect of each vaciance by selecting favorable, unfavorable, o variance.) (1) Compute the direct materials price and quantity variances. (2) Compute the direct labor rate and efficlency variances. Complete this question by entering your answers in the tabs below. Compute the direct labor rate and efficiency variances. (Indicate the effect of each variance by selecting favorable, unfa

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