Actual direct materials used 27,000 lbs. at $4.75 per lb. actual direct labor used 8,600 hours for a total of $172,860actual units produced 51,000budgeted standards for each unit produced are 0.50 pounds of direct material at $4.70 per pound and 10 minutes of direct labor at $21.00 per hour. aq = actual quantitysq = standard quantityap = actual pricesp = standard priceah = actual hourssh = standard hoursar = actual ratesr = standard rate(1) compute the direct materials price and quantity variances.(2) compute the direct labor rate and efficiency variances. indicate whether each variance is favorable or unfavorable.