Affordable Electronics Inc. manufactures medium-quality, reasonably priced DVD players. The company uses standards to control its costs. The labour standards that have been set for one player are as follows:

Standard

HoursStandard Rate

per HourStandard

Cost18 minutes (0.30 hours)$11.00$3.30

During July, 6,850 hours of direct labour time were recorded to make 22,000 units. The direct labour cost totalled $80,145 for the month.

'l-b. By how much does direct labour cost differ from the cost that vras incl..lrre~d"r'I [Indicate the effect of variance by selecting I'F" for favourable, I'U" for unfavourable, and "Hone" fer no effect [i.e., zero variance\" _::| 2. Break down the difference in cost from requirement 1b above into a labour rate variance and a labour efficiency variance. [Indicate the effect of each variance by selecting IIFII for favourable. "U" for unfavourable, and "None" for no effect {i.e.. zero variance].] \"WWW\"? -- variance 3. The budgeted variable manufacturing overhead rate is $3.00 per direct labour-hou r. During July, the company.r incurred $1E,495 in variable manufacturing overhead cost. Compute the variable overhead spending and efciencyr variances for the month. [Indicate the effect of each variance by selecting I\"F\" for favourable, I'Ll'" for unfavourable, and "None" for no effect (i.e.. aero variance\" \"i\"mmmmd'w -- variance Variable overhead efciency - variance Affordable Electronics Inc. manufactures mediumquality. reasonably priced END players. The company uses standards te ccntel its casts. The labour standards that have been set fer ene player are as tellews: Standard Btsmderd Rate Standard Heure per Haur Beat 13 minutes {it- hears] $111M $3.3] During July. 5,350 hours cf direct labcur time 1lllrere recorded to make units. The direct labeur cps tetalled $30,145 for the menth. Required: 'I-a. What direct lebeur ccst shculd have been incurred tc make the El DVD players":I [Dc net reund intermediate calculatiens.} :l