Barbados has prepared the following standard cost information for one unit of product zeta. Direct Materials Direct Labour 4 Kg @ $10 per Kg 2 hours @ S4 per hour $40 $8 Fixed Overheads 3 hours @$2.5 per hour $7.5 The fixed overheads are based on a budgeted expenditure of $75,000 and budgeted activity of 30,000 hours. Actual results for the period were as follows: Production 9,000 units Materials 33,600 $336,000 Labour 16,500 hours $68,500 $70,000 Fixed overheads Required: Calculate the following in S and also mention if it is favorable or adverse: a. The material usage variance. b. Fixed Overhead Volume Capacity variance. c. Fixed Overhead Volume Efficiency variance. (1.5 MARKS) (1.5 MARKS) (1.5 MARKS)