Return to question 12 0.83 points Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Atranscript Exercise 21-11 (Algo) Direct materials and direct labor variances LO P3 Lucia Company has set the following standard cost per unit for direct materials and direct labor Direct materiale (15 pounds $5 per pound) Direct Labor 12 hours 114 per hour) During May the company incurred the following actual costs to produce 9,000 units Direct sateriale (138,000 pounds $4.00 per pound) Direcs labor (22,900 hours $14.10 per hour AR-Actual Rate SR Standard Rate AQ Actual Quantity SQ-Standard Quantity AP - Actual Price SP Standard Price (1) Compute the direct materials price and quantity variances. 8442,400 322,030 (2) Compute the direct labor rate variance and the direct labor efficiency variance. Answer is not complete 083 Complete this question by entering your answers in the tab ports Required Compute the direct materials price and quantity vatances Cheats the affect af het gevral, Actual Cost AQ NO 138,000 130001 1000 2700 D