Brier Company, manufacturer of car seat covers, provided the following standard costs for its product: Standard Standard Cost Standard Cost Inputs Direct materials Quantity 7.1 pounds 5 per pound per Unit ($) 35.50 Direct labour 0.8 hours 17 per hour 13.60 0.8 hours 7 per hour 5.60 Variable overheads The company reported the following in 2022 May: Original budgeted output Actual output Actual direct labour hours Actual cost of direct labour Purchases of raw materials Actual price paid for raw materials Raw materials used Actual variable overhead cost 4 700 units 4 500 units 3610 hours $65 341 36 500 pounds $186 150 34 150 pounds $24.909 Variable overhead is applied on the basis of direct labour hours. A. Compute the following: i. Direct materials quantity variance ii. Direct materials price variance iii. Direct materials total variance iv. Direct labour efficiency variance V. Direct labour rate variance (2 marks) (3 marks) (1 mark) (2 marks) (3 marks) vi. Direct labour total variance (1 mark) vii. Variable overhead efficiency variance (2 marks) viii. Variable overhead rate variance (2 marks)