Diane Buswell examined some of the accounting records and reported that Current Designs purchased 1,200 pounds of pellets for this order at a total cost of $2,040. Twenty (20) finishing kits were assembled at a total cost of$3,240. The payroll records showed that the type I employees worked 38 hours on this project at a total cost of $570. The type II finishing employees worked 65 hours at a total cost of $796.25. A total of 20 kayaks were produced from this order. The standards that had been developed for this model of kayak were used in DC2 and are reproduced here. For each kayak: 54 pounds of polyethylene powder at $1.50 per pound 1 finishing kit (rope, seat, hardware, etc.) at $170 2 hours of type I labor from people who run the oven and trim the plastic at a standard wage rate of $15 per hour 3 hours of type II labor from people who attach the hatches and seat and other hardware at a standard wage rate of $12 per hour Calculate the eight variances that are listed in part (a) of this problem Price variance for type I workers Quantity variance for type II workers Price variance for type II workers