This problem has 2 parts to it, need explaining on them...

The following describes production activities of Mercer Manufacturing for the year. Actual direct materials used Actual direct labor used Actual units produced 1 36,820 lbs. at $6.es per 10.51 1 100 hours for a total of 5233, 100 66,830 Budgeted standards for each unit produced are 0.50 pound of direct material at $6.00 per pound and 10 minutes of direct labor at $22.00 per hour. AH = Actual Hours SH = Standard Hours 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 and classify each as favorable or unfavorable. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Round "Cost per unit" answers to 2 decimal places.) (2) Compute the direct labor rate and efficiency variances and classify each as favorable or unfavorable. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.) Complete this question by entering your answers in the tabs below. Required Required 2 ach as favorable or unfavorable. Compute the direct material price and quantity variances and classify each as favorable or unfavorable. Do not round intermediate calculations.) Actual Cost Standard Cost erot round intermediate TTTT 5013 (1) Compute the direct materials price and quantity variances and classify each as favorable or unfavorable (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Round "Cost per unit" answers to 2 decimal places.) (2) Compute the direct labor rate and officioncy variances and classify each as favorable or unfavorable. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the direct materials price and quantity variances and dassify each as favorable or unfavorable. (Do not round intermediat Actual Cost Standard Cost (1) Compute the direct materials price and quantity variances and classify each as favorable or unfavorable. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Round "Cost per unit" answers to 2 decimal places.) (2) Compute the direct labor rate and efficiency variances and classify each as favorable or unfavorable (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.) selecting for favorable, untevorable and no verame> Complete this question by entering your answers in the tabs below. Required 1 Required 2 ired 2 Compute the direct labor rate and efficiency variances and classify each as favorable or unfavorable. (Do not round Intermediate calculations.) Actual Cost Standard Cost