2. Calculate the two Direct Labour variances, clearly classify each as Favourable (F) or Unfavourable (U), and interpret what each variance is indicating about the business (4 marks) Direct Labour Rate Variance = $ Interpretation: Direct Labour Efficiency Variance = $ Interpretation: Note: Please round your responses to 2 decimal places where applicable. 2. Calculate the two Direct Labour variances, clearly classify each as Favourable (F) or Unfavourable (U), and interpret what each variance is indicating about the business (4 marks) Direct Labour Rate Variance = $ Interpretation: Direct Labour Efficiency Variance = $ Interpretation: Note: Please round your responses to 2 decimal places where applicable. 2. Calculate the two Direct Labour variances, clearly classify each as Favourable (F) or Unfavourable (U), and interpret what each variance is indicating about the business (4 marks) Direct Labour Rate Variance = $ Interpretation: Direct Labour Efficiency Variance = $ Interpretation: Note: Please round your responses to 2 decimal places where applicable. 2. Calculate the two Direct Labour variances, clearly classify each as Favourable (F) or Unfavourable (U), and interpret what each variance is indicating about the business (4 marks) Direct Labour Rate Variance = $ Interpretation: Direct Labour Efficiency Variance = $ Interpretation: Note: Please round your responses to 2 decimal places where applicable