A comparisen of standiard and aktual conts for the period on a total cont banh in pewen below: 21 Actual Costs: 24 Standard Costs: 25. Difference in Cost-Unfinourable 27 There was no imventory of materials on hand at the beginning of the period. During the current period, the company had purchased 21,210 metres of materiak,all of which wese ines in pexbludinen. Required: Norey the 's' symbof within the dropdown statements means 'muliply by'. a) Calculate the Materials Price Variance: ( 1.5 marks) Actual Quantity of inputs x Standard Price: Actual Quantity of Inputs Actual Price: Materials Price Variance b) Calculate the Materials Quantity Variance: (1.5 marks) b) Calculate the Materials Cuantity Variance: (1 5 murks) Materials Quantity Variance 48 c). Calculate the Labour Rate Variance: (1.5 marls) 50 51 Labour Rate Variance 52 53 d). Calculate the Labour Efficiency Variance: (1.5 marks) 54 55 56 57 Labour Efficiency Variance 58 (2 marks) d). Calculate the Labour Efifiency Variances (15 marks) Labour Efficiency Variance e) Calculate the Variable Overhead Spending Variance: ( 2 marks) Variable Overhead Spending Variance f). Variable Overhead Efficiency Variance: ( 2 marks). ariable Overhead Efficiency Variance