8 Rael is a carpenter based in Mbabane town. He specializes in producing church benches. Rael uses: 2.5 meters of Aesthetic materials at a cost of $12.00 per meter Seven (7) hours of Labor at a cost of $24.00 per hour Workshop fixed overheads are expected to be $17,800 every year During the year the following actual results occurred Actual benches produced and sold were 880. Rael bought 2,300 meters of aesthetic material at $11.00 per meter and total labour costs were $154,530 for 6,060 hours worked. Required: Compute the following Variances: i. Direct Labour efficiency variance ii. Direct Labour rate variance iii. Direct Material price variance iv. Direct Material usage variance