Below is information concerning two manufacturing jobs for Barberry Industries Ltd., a wholesale fence supply company: Job 322 Item Job 321 Units produced 200 165 Standards per unit Direct material quantity 5kg 6kg Material price $2.5/kg $3/kg Direct labour hours 2 hours 3 hours Labour rate $15 per hour $18 per hour Actual consumption Direct material quantity 975 kg (e) Material price $2.95 per kg (f ) Direct labour hours 395 hours ( 8 ) Labour rate $15.15 per hour (h) Variances Material price (a) $ 500 F Material quantity (b) $ 30 U Labour rate (c) $ 200 F Labour efficiency (d) $ 60 U Required 1. Determine the missing amounts for items (a) through (h). List the letters (a) to (h) and write your answers beside the corresponding letter. (8 marks) 2. Explain the qualitative factors that would contribute to the $500F material variance? To the $60U labour efficiency variance? (4 marks) 3. Explain how and why a mix and yield variance analysis may compliment your analysis