Below is a schedule showing the breakdown of standard cost assumptions for the month, based on a normal operating capacity of 2000 units: Standard Cost Assumptions: Usage (consumed Rate $ per unit) Standard cost per unit Direct material (kg) 0.7 $32.00 $22.40 Direct labour 0.5 $12.50 Variable overhead 0.5 $25.00 $2.80 $7.50 $1.40 Fixed overhead 0.5 $3.75 Total $40.05 Factory overhead is applied on the basis of standard direct labour hours. For the month the following actual cost data was obtahed: Actual Cost Data: Units produced 2.100 units Cost of direct material purchased $50,820.00 Price paid for direct materials $33.00 Amount of direct material used 1,500 kg Direct labour rate $20.50 per hour Cost of direct labour $22,550.00 Variable overhead $3,500.00 ampus) Units produced Cost of direct material purchased Price paid for direct materials Amount of direct material used 2,100 units $50,820.00 $33.00 ts Direct labour rate Cost of direct labour Variable overhead Fixed overhead 1,500 kg $20.50 per hour $22,550.00 $3,500.00 $8,000.00 NOTE: Data for this question is also available in the "Q10" worksheet for the file: 2021s2 Final Exam 22321.xlsx Calculate the following variances for the month, selecting the correct answer for each using the dropdown menu: Direct material quantity variance = [ Select] [ Select] 960 U Labour Rate variance [ Select] 3,200 F 3,200 U 960 F Variable overhead spending variance = [Select] >