Dango's luced has prepared the following standard costs per bottle of juice Standard Quantity for Standard Price Standard Cost Hours Cor Roto) Direct materials 05 the $110/tre $0.55 51350/1 $1.15 Direct labour 0 hours Vannblocvorhend 01 hon Total standard cost per pillow $2.50/hr 30.25 $2.15 The company allocates variable overhead based on direct labour hours. Last month ago's produced 10.200 bottles of juice and incurred the following actual costs Direct materials Purchased 5200 liters of fruit by product at $0.95 per trolitres of fruit by product were used in production of the 10200 bottles Direct labour 1000 hours worked for a total cost of $13.200 Variable overhead Total cost was $2.700 Required (12 marks): .) Calculate the direct materials pince and quantity variances Label your variance and indicate if favourable or unfavourable (4 marks) orach variance provides one discussion on the factors or reasons the variance may have occurred in this situation this discussion should ga more in depths than the price went up or down it should explain why this may have occurred (2 marks) by Calculate the direct labour rate and efficiency variances Label your variances and indicate it favourable or unfavourable (2 marks) for each variance provide briel discussion on the factor) or reason the variance may have occurred in this situation. This discussion should go more in depths than the prior went up on down It should explain why this may have occurred (2 marks) Calculate the variable overhead spending and anable overhead efficiency varones Label your variances and indicate it favourable or unfavourable 2 marks) Dango's luced has prepared the following standard costs per bottle of juice Standard Quantity for Standard Price Standard Cost Hours Cor Roto) Direct materials 05 the $110/tre $0.55 51350/1 $1.15 Direct labour 0 hours Vannblocvorhend 01 hon Total standard cost per pillow $2.50/hr 30.25 $2.15 The company allocates variable overhead based on direct labour hours. Last month ago's produced 10.200 bottles of juice and incurred the following actual costs Direct materials Purchased 5200 liters of fruit by product at $0.95 per trolitres of fruit by product were used in production of the 10200 bottles Direct labour 1000 hours worked for a total cost of $13.200 Variable overhead Total cost was $2.700 Required (12 marks): .) Calculate the direct materials pince and quantity variances Label your variance and indicate if favourable or unfavourable (4 marks) orach variance provides one discussion on the factors or reasons the variance may have occurred in this situation this discussion should ga more in depths than the price went up or down it should explain why this may have occurred (2 marks) by Calculate the direct labour rate and efficiency variances Label your variances and indicate it favourable or unfavourable (2 marks) for each variance provide briel discussion on the factor) or reason the variance may have occurred in this situation. This discussion should go more in depths than the prior went up on down It should explain why this may have occurred (2 marks) Calculate the variable overhead spending and anable overhead efficiency varones Label your variances and indicate it favourable or unfavourable 2 marks)