Extracts from the budget for Quantum Dal-c Ltd is sh own below: Unit Data Direct Materials: Bkg@$5perkg Direct Labour: 4 hours @ $15 per hour Va ria ble overheads 512 (based on $3 per labour hour} Bu dgeted prod Lidion: 20,000 unlls Budgeted Fixed overheads: $400,000 (applied based on labour hours) Quantum Oak's actual results were: Actual production: 18.000 units Materials purchased and used: $810,000 (135.000 lg] Labour costs: 51,1 35750 (75,500 hours] Actual factory overhea d5: $390,000. Required: (a) Calculate the direct material price and usage variances and indicate if they are favourable or unfavourable. (b) Calculate the direct labour rate and efciency variances and indicate i'l= they are favourable or unfavourable. {c} Calculate the xed overhead volume variance and indicate if it is favourable or unfavourable. (d) identify ONE possible interpretation for the direct material variances calculated in (a). (6 marks} (6 marks} (3 marks} (1 mark} [16 marks]