CLICK Ltd determined that the manufacturing plant has produced 2,000 units for the month January 2018. The following information was provided by CLICK Ltd: Standard Hours Direct Material Direct Labour Variable Overhead Standard Units 2 units 0.75 hours 0.48 machine hours Actuals: Worked 1,200 direct labour hours at a cost of $14 per hour 0 5,000 units of material were purchased at a cost of $4.1 4,300 units of material were used into production (b) Labour Efficiency Variance. Standard Price $5 per unit $15 per hour $1.2 per hour Required: Compute the following variances and indicate whether the variances are favourable or unfavourable and why. (a) Materials Quantity Variance.