ABC Inc. manufactures seat covers for mid sized vehicles. The company uses a standard costing system and for 2850 Direct Labour Hours the factory should produce 1900 sets of covers standard costs associated with this level of output are as follows .sterial At standard, each set or covers requines si. Last month the company worked 2800 DLH and produced 2000 sets of covers, actual costs are listed below Required: 1 Complete a standard cost card for Direct Material, Direct Labour and Variable Overhend 3 Calculate the labour rate and efficiency variances 3 Calculate the labour rate and efficiency variances Calculations \begin{tabular}{|l|c|c|} \cline { 2 - 3 } & $ & For U \\ \hline Labour rate variance & & \\ \hline Labour efficiency variance & & \\ \hline \end{tabular} 4 Calculate the variable overhead spending and efficiency variances Calculations