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: Duting July, 3,350 hours of direct labour time were recorded to make 16,000 units. The direct labour cost totaled $54,270 for the month: Requirect: 1-0. What direct labour cost should have been incurred to make the 16.000 speakers? (Do not round intermedlate calculations.) 1-b. By how much does direct labour cost differ from the cost that was incurred? (Indicote the effect of varionce by selecting "Fin for fovourable, "U" for unfavourable, and "None" for no effect (lie., zero variance).) 2. Break down the difference in cost from requirement 1-b above into a labour rate variance and a labour efficichcy variance (indicate the effect of eoch variance by selecting "F" for fovourable, " U " for unfavourable, ond "None" for no etfect (i.e, zero voriance).\}