8) Arctic Gear Inc. manufactures jackets and other cold weather clothing. A popular high end ski parka requires the following: Direct materials standard 2 square metres at $13.50 per metre Direct manufacturing labour standard 1.5 hours at $20.00 per hour During the third quarter, the company made 1,500 parkas and used 3,150 square metres of fabric costing $36.225. Direct labour totaled 2,100 hours for $47,250 Required: (8) a Compute the direct materials price and efficiency variances for the quarter. b. Compute the direct manufacturing labout rate and efficiency variances for the quarter