e Fine Oak Furniture manufactures high-quality wooden desks and uses a standard cost system. A standard cost card for one model of d developed for 2019, is shown below: Standard Cost per Unit: Model: Heritage Standard Standard Standard Quantity Price/Rate Cost Direct Materials 75 BFX $0.45 per BF $33.75 Direct Labour 1.25 Hrs x $18.00 per Hr = $22.50 Variable Manufacturing Overhead 1.25 Hrs x $4.00 per Hr = $5.00 Fixed Manufacturing Overhead 1.25 Hrs x $6.00 per Hr = $7.50 Total Costs $68.75 Note: BF stands for "board foot The company expected to produce and sell 300 units of the Heritage in March 2019. Actual results for March 2019 are as follows: 310 units of the Heritage were produced. A total of 19,600 BF of wood was purchased and used at a cost of $9,972. Actual direct labour costs were $6,941 for 406 direct labour hours worked. Actual variable overhead incurred was $1,752 and actual fixed overhead incurred was $2,173. Required: Calculate the following variances and provide only numeric values without any formatting to the boxes given below. Be sure to indicate whether the variances are favourable or unfavourable as instructed. Round to the 4th decimal places for interim numbers, and round to the 2nd decimal places for final results. Variance Value (absolute value) 100 Favorable/Unfavorable (enter "1" for favorable, enter for unfavorable) Explanation Example: DM Price Variance 0 1000 a) Material price variance: b) Material quantity variance: c) Direct labour rate variance: d) Direct labour efficiency variance: e) Variable overhead spending variance: f) Variable overhead efficiency variance: g) Fixed overhead budget variance: h) Fixed overhead volume variance