FOOD Industries employs a standard cost system. FOOD has established the following PER UNIT standards for the prime costs of its product XYZ frozen desserts line: Standard Quantity Standard Price/ Rate Standard Cost of DM / DL per unit per KG/ DLH Direct Materials 8 kg $1.80 per KG $14.40 Direct Labour 0.25 DLH (15 minutes) $8.00 per DLH $2.00 Total Cost 16.40 During November, the company purchased 142,500 KG of direct materials at a total cost of $285,000. The total factory wages for November were $37,800. The company manufactured 19,000 units of XYZ during November using 142,500 kg of direct materials and 5,000 direct labour hours. Required: SHOW ALL CALCULATIONS 1. Compute the direct materials a) flexible budget, b) price and c) quantity variance for November. 2. Compute the direct labour a) flexible budget, b) rate and c) efficiency variance for November