please help both required

Exercise 8-15 (Algo) Direct materials and direct labor variances LO P3 The following information relates to production activities of Mercer Manufacturing for the year: AR=ActualRateSR=StandardRateAQ=ActualQuantitySQ=StandardQuantityAP=ActualPriceSP=StandardPrice (1) Compute the direct materiais 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. Notei Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. AR= Actual Rate SR= Standard Rate AQ= Actual Quantity SQ= Standard Quantity AP= Actual Pilce SP = Standard Price (1) Compute the direct materials pnce and quantity variances. (2) Compute the direct labor rate and efficlency varlances. Complete this question by entering your answers in the tabs below. Compute the direct labor rate and efficiency variances. Note: Indicate the effect of each variance by selecting, favorable, unfavorable, or no vanance