Aaha Inc. produces premium protective automotive covers. The direct materials and direct labour standards for one car cover are as follows: Standard Quantity Standard Price Sandard or Rate Cost $55.00 or Hours Direct materials Direct labour Variable overhead 5.0 metres of cloth $11 per metre $12 per hour 2 0 hours 0 hours $ 9per hour 2 Budgeted fixed overhead cost is $17,600, and the normal production volume is 2,985 car covers. Overhead is applied on the basis of direct labour-hours. In September, the following activity was recorded: .14,000 metres of cloth were purchased at a cost of $11.50 per metre .All of the purchased material was used to produce 2,800 car covers. .590 direct labour-hours were recorded at a total labour cost of $7,080 Actual variable overhead cost was $5,700, and fixed overhead cost was $17,000 Required 1. Compute all direct materials variances for September. (Indicate the effect of each variance by selecting "F"for favourable, "U" for unfavourable, and "None" for no effect (i.e., zero variance).) Direct materials price variance Direct materials quantity variance Total direct material cost variance 2. Compute all direct labour cost variances for September. (Indicate the effect of each variance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effect (i.e., zero variance).) Direct labour rate variance Direct labour efficiency variance Total direct labour cost variance 3. Calculate the total under- or overapplied overhead. Show all the variances calculated and indicate if each variance is favourable or unfavourable. (Indicate the effect of each variance by selecting "F" for favourable, "U" for unfavourable" and "None" for no effect (i.e., zero variance). Do not round intermediate calculations and round "Fixed overhead volume variance and total variance" to 2 decimal places.) Variable overhead rate variance variance Variable overhead total variance Fixed overhead budget variance Fixed overhead volume variance Fixed overhead total variance