Compute the amount of the direct materials price variance. HINT: remember the entry rules! Indicate if the direct materials price variance is Favourable (enter F) or Unfavourable (enter UF). HINT: Enter your letter without any additional spaces! UF Compute the amount of the direct materials usage (efficiency) variance. HINT: remember the entry rules! _ 50000 _ Indicate if the direct materials usage (efficiency) variance is Favourable (enter F) or Unfavourable (enter UF). HINT: Enter your letter without any additional spaces! Compute the amount of the direct labour rate (price) variance. HINT: remember the entry rules! ___ Indicate if the direct labour rate (price) variance is Favourable (enter F} or Unfavourable I{enter UF). HINT: Enter your letter without any additional spaces! UF Compute the amount of the direct labour efficiency (or usage] variance. HINT: remember the entry rules! _ ?000__ Indicate if the direct labour efficiency (usage) variance is Favourable (enter F) or Unfavourable (enter UF). HINT: Enter your letter without any additional spaces! Natasha Inc. produces Victory T-shirts for Raptor's fans; however, due to a global pandemic, sales have not been as expected this year. The following standards were set at the beginning of the current year: Standard Direct material per unit (metre(s)} Material price per metre Labour time per unit Direct labour rate (per hour) The company has the following actuals for the year: Actual Production units 20,000 Total direct material purchased (metre-(5)] 60,000 Total direct material used (metre(s)) 50,000 Total labour time 4,500 hrs Material price per metre $5.20 Direct labour rate (per hour) $15.00 Use the above information to answer the following questions. Compute the amount of the direct materials price variance