Captain Industries employs a standard cost system. Captain has established the following standards for the prime costs of its Fishing Rod product line: Standard Quantity Standard Price/Hours Standard Cost Direct Materials 8 kg $1.90 per KG $15.20 Direct Labour 0.20 DLH $8.00 per DLH 1.60 Total Cost $16.80 During November, the company purchased 160,000 KG of direct materials at a total cost of $251,125. The total factory wages for November were $41,000, 90% of this cost was for direct labour. Captain Industries manufactured 19,000 Fishing Rods during November using 160,000 kg of direct materials and 5,000 direct labour hours. 1 Required: SHOW ALL YOUR CALCULATIONS What was the direct materials purchase price variance for November? What was the direct materials usage variance for November? What was the direct labour rate variance for November? What was the direct labour efficiency variance for November? 2 3. 4