Affordable Electronics Inc. manufactures medium$-$quality, reasonably priced wireless speakers for home use. The company uses

standards to control its costs. The labour standards that have been set for one speaker are as follows:Standard Hours Standard Rate

per Hour Standard

Cost

$18$ minutes $(0\mathrm{.}30$ hours$)$ $$10\mathrm{.}00$ $$3\mathrm{.}00$

During July, $6,550$ hours of direct labour time were recorded to make $21,000$ units. The direct labour cost totalled $$69,430$ for theBreak down the difference in cost from requirement $1-$b above into a labour rate variance and a labour efficiency variance. $($Indicate

the effect of each variance by selecting $"$F$"$ for favourable, $"$U$"$ for unfavourable, and "None" for no effect $($i$.$e$.,$ zero variance$).)$

The budgeted variable manufacturing overhead rate is $$3\mathrm{.}00$ per direct labour$-$hour. During July, the company incurred $$27,510$ in

variable manufacturing overhead cost. Compute the variable overhead spending and efficiency variances for the month. $($Indicate the

effect of each variance by selecting $"$F$"$ for favourable, $"$U$"$ for unfavourable, and "None" for no effect $($i$.$e$.,$ zero variance$).)$

month.