Please compute:The direct materials price and quantity variancesThe direct labor rate variance and the direct labor efficiency varianceCompute the direct materials price and quantity variances. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Complete this question by entering your answers in the tabs below.Required 1Required 2Compute the direct materials price and quantity variances. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.)Actual CostStandard Cost Camila Company has set the following standard cost per unit for direct materials and direct labor.Direct materials (15 pounds @ $5 per pound)Direct labor (4 hours @ $15 per hour)$ 7560During June the company incurred the following actual costs to produce 8,100 units.Direct materials (123,800 pounds @ $4.75 per pound)Direct labor (36,700 hours @ $15.10 per hour)$ 588,050554,170AR = Actual RateSR = Standard RateAQ = Actual QuantitySQ = Standard QuantityAP = Actual PriceSP = Standard Price(1) Compute the direct materials price and quantity variances.(2) Compute the direct labor rate variance and the direct labor efficiency variance.

Name: Please compute:The direct materials price and quantity variancesThe di
Uploaded: 2024-03-20T06:33:06.000Z
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Description: Please compute:The direct materials price and quantity variancesThe direct labor rate variance and the direct labor efficiency varianceCompute the direct materials price and quantity variances. (Indicate the effect of each variance by selecting favor