Farhan Ullah Aziz has been running an electronics manufacturing business for a long time. The company uses Direct Labor Hours as a cost driver for applying overheads to different products. For the following INDEPENDEDNT situations, identify which variances would likely occur and would they be favorable (write 'F'), unfavorable (write 'U') or there would be no effect on that variance (write 'NE'). Assume that in every situation, everything else remains constant. Direct Materials Price Variance - For UF or NE Direct Materials Quantity Variance - For UF or NE Labor Rate Variance - For UF or NE Labor Efficiency Variance - For UF or NE Variable Overhead Rate Variance - For UF or NE Variable Overhead Efficiency Variance - For UF or NE 1. Cheap, low cost maintenance tools are purchased resulting in workers having to re-work on several televisions, and wastage of direct materials and machine time. 2. Cheap, unskilled labor kept the machines running even when they were not required for production, wasting energy unnecessarily. 3. The workers union successfully negotiated increase in wages. This was not planned! 4. Unskilled, low cost labor was employed. They were a bit lazy too! 5. The government increased tax on import of critical components used in production. 6. Transportation company increased charges for delivering raw materials to the company. 7. The company hired an SDSB graduate who outsourced factory building maintenance to a friend's company which charged higher than the previous contractor. 8. The company produced less than anticipated. 9. The company installed solar power solution that reduced cost of utilities in the factory. This was not planned ahead in time. 10. Unfortunately, the company hired inefficient SDSB graduates in its accounting and finance department