3 Affordable Electronics Inc. manufactures medium-quality, reasonably priced wireless speakers for home use. The company uses standards to control its costs. The labour standards that have been set for one speaker are as follows: Standard Bours 18 minutes (0.30 hours) Standard Rate per Bour $10.00 Cost $3.00 10 points During July, 6,550 hours of direct labour time were recorded to make 21,000 units. The direct labour cost totalled $69,430 for the month Required 1-a. What direct labour cost should have been incurred to make the 21,000 speakers? (Do not round intermediate calculations.) Dect labour cost 1-b. By how much does direct labour cost differ from the cost that was incurred? (Indicate the effect of variance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effect (ie., zero variance).) Total variance Help Save & Ex Submit