Actuals: i. The company produced 4,000 packages during October. ii. A total of 1,500 litres of material was used at a cost of $20,800. iii. The company used 925 labour hours at an average rate of $13.50 per hour. iv. Variable manufacturing overhead costs during October totalled $2,050. Required: a. Compute the price and quantity variances for direct materials used in production. (Indicate favourable, unfavourable or no variance.) b. Compute the rate and efficiency variances for direct labour used in production. (Indicate favourable, unfavourable or no variance.) c. Compute the variable overhead spending and efficiency variances. (Indicate favourable, unfavourable or no variance.)