5 points Tigris Plc has just completed its first month of production of a new product. Actual data for the month shows that 12,000 units were produced in 48.000 hours costing 288,000 in direct labour. The standard labour cost has been set at 3.5 hours for each unit of production at a rate of 6.20 an hour. However, during the month it became apparent that the month's production would take longer as the workforce was not as skilled as first planned, so the hours per unit were revised to 4.2 hours. Two variances have been calculated below: The Labour Efficiency Variance is 37.200 Adverse The Labour Efficiency Planning variance is 52,080 Adverse Assess the relevant manager's operational performance for labour efficiency. (5 marks). BIVAL EX X DE 12pt Paragraph mm O words