A) Super Ltd is involved the production of 350 units of product XoXo. The total standard and actual costs for materials and direct labor on this job are shown below: Standard Actual $2,343.75 $2,502.50 Direct materials: Standard: 625 pounds @, $3.75 per pound Actual: 650 pounds @, $3.85 per pound Direct labor: Standard: 315 hours @ $12 per hour Actual: 295 hours @, $13 per hour $3,780 $3,835 Compute the Material Price Variance, Material Quantity Variance, Labor Rate Variance and Labor Efficiency Variance highlighting for each whether it is Favorable or Unfavorable. B) Explain the origin of all the above variances and how it supports the business in taking important decisions. (600 words)