ABC Company manufactures a product. One unit of the product requires One unit requires No opening inventory Company purchased GHC2.10/kg Company produced 6kg of direct material at GHC2.00/kg 3 hours of direct labour at GHC20.00/hr 22,000kg of direct materials at 3,600 units of the product Actual kg of direct materials used 21,000 kg Actual hours used Total labour cost incurred 11,000 $217,800 W a) Calculate DM price and quantity variances. b) Calculate DL rate variance and DL efficiency variance c) Provide possible causes for the variances you have computed