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: During July, 2,950 hours of direct labour time were recorded to make 14,000 units. The direct labour cost totalled $39,530 for the month. Requirect. 1-a. What direct labour cost should have been incurred to make the 14,000 speakers? (Do not round Intermedlate calculations.) 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 (l.e., zero varlance).) 2. Break down the dlfference in cost from requirement 1-b above Into a labour rate varlance and a labour efficlency varlance. (Indicate the effect of each varlance by selectlng "F" for favourable, "U" for unfavourable, and "None" for no effect (l.e., zero varlance).) 3. The budgeted varlable manufacturing overhead rate is $3.00 per direct labour-hour. During July, the company incurred $9,145 in varlable manufacturing overhead cost. Compute the varlable overhead spending and efficlency varlances for the month. (Indicate the effect of each varlance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effect (I.e., zero varlance).)