During March, Alberta Beef Company (ABC) manufactured 8,000 units of a device used by beef processors in its plant. Records indicated the following: $ 7.50 Total Standard Direct Material cost per unit: Total Direct Labour cost per unit: $ 75.00 $ 15.00 Standard Labour Rate: Standard Direct Material Costs: $2.50/kg During the month of March, ABC purchased 24,200 kg of direct material for total costs of $62,920. They had no opening inventory, however, at the end of the month there were 1,900 kg in ending inventory. They paid their direct labour force $585,460 for the month and the employees worked 40,100 direct labour hours. REQUIRED: Please copy and paste the chart with requirements into the answer section and fill in. Show all calculations. Amount Fav / Unfav Required: 1. Compute the Direct Material Price variance. 2. Compute the Direct Material Quantity variance. CPlease show all DM calculations below: 3. Compute the Labour Rate variance. Compute the Labour Efficiency variance. 4. CPlease show all DL calculations below: 15. Provide valuable advice to management regarding any one of the above variances