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 Standard Rate Standard Hours per Hour Cost 18 minutes (0.30 $12.00 hours) $3.60 During July. 7.150 hours of direct labour time were recorded to make 23.000 units. The direct labour cost totalled $91,520 for the month. Required: 1-a. What direct labour cost should have been incurred to make the 23.000 DVD players? (Do not round Intermediate calculations.) Direct labour cost $ 82,800 1-b. By how much does direct labour cost differ from the cost that was incurred? (Indicate the effect of varlance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effect (1.e., zero variance).) Total variance S 8,7200 2. Break 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 varlance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effect (1.e., zero varlance).) Labour rate variance Labour efficiency variance 3. The budgeted variable manufacturing overhead rate is $200 per direct labour-hour. During July, the company incurred $11.440 in variable manufacturing overhead cost. Compute the variable overhead spending and efficiency variances for the month. (Indicate the effect of each varlance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effect (1.e., zero variance).) Variable overhead spending variance Variable overhead efficiency variance