Atlantic Furniture is an elite desk manufacturer. The following standards relate to manufacturing executive desks made out of marble: Direct materials Direct abour 16 square metres per desk at $20.00 per metre shours per desk at $30.00 per direct labour hour Actual results for August are as follows: $259,120 Pirect materials purchased (12.640 square metres) Direct materials used (11.850 square metres) Super direct labour hour Direct labour (2.525 hours at $51 per direct labour hour Actual production in August was 750 executive desks. Required: a) Calculate the direct material price and quantity variances. (4 marks) Enter unfavourable (U) variances and favourable (F) as absolute numbers. Material price variance Material quantity variance b) Calculate the direct labour rate and efficiency variances. (4 marks) Enter unfavourable (U) variances and favourable (F) as absolute numbers. Direct labour rate variance Direct labour efficiency variance Priciency variance F A C) Show the information needed to record the material quantity varlance Journal entry starting with any debit/s). (3 marks) Account Amount Debitor Credit