Theres two parts. Use the same format as shown

Actual direct materials used Actual direct labor used 16,300 pounds at $4.20 per pound ActualunitsproducedStandardquantityandpriceperunitfordirectmaterialsStandardquantityandpoundat$4.15perpound30,600 16,935 hours at $22 per hour Standard quantity and rate per unit for direct labor 0.50 hour at $23 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. (2) Compute the direct labor rate and efficiency 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 variance by selecting favorable, unfavorable, or no variance.) ActualdirectmaterialsusedActualdirectlaborusedActualunitsproducedStandardquantityandpriceperunitfordirectmaterialsStandardquantityandrateperunitfordirectlaborAR=ActualRateSR=StandardRateAQ=ActualQuantitySQ=StandardQuantityAP=ActualPrice16,300poundsat$4,20perpound16,935hoursat$22perhour30,6000.50poundat$4.15perpound0.50hourat$23perhour (1) Compute the direct materials price and quantity variances. (2) Compute the direct labor rate and efficiency variances. Complete this question by entering your answers in the tabs below