Deep Dive Inc. produces fish tanks for aquariums in Ottawa. The company currently utilizes a standard costing system. Below outlines the standard cost for Deep Dive's most popular product, the Glass Bowl. Direct Materials Variable Manufacturing Overhead Quantity Required for one Glass Bowl 5.0 kg $ Standard Rate/Price 15.00 per kg 5.0 hours $ 10.00 per hour 6.0 hours 3.0 hours $ 21.00 per hour $ Direct Labour Fixed Overhead 12.00 per hour Overhead is allocated based on direct labour hours and the average production volume of 20,500 Glass Bowls. This currently utilizes 80% of the maximum capacity. Below is information related to the February 2022 production, in which 18,000 Glass Bowls were produced: Direct Materials purchased Quantity Cost Direct Labour Direct materials used Variable Overhead Fixed Overhead REQUIRED 35,000 $750,000 120,000 $650,000 95,000 $856,000 $ 310,000 $ 389,000 A) Calculate the standard quantity of materials needed to make 18,000 Glass Bowls B) Calculate the standard quantity of labour-hours needed to make 18,000 Glass Bowls C) Calculate the Direct Materials Price Variance. Indicate if it is favourable or unfavourable. D) Calculate the Direct Materials Quantity Variance. Indicate if it is favourable or unfavourable. E) Calculate the Direct Labour Efficiency Variance. Indicate if it is favourable or unfavourable.