Hobby Company produces sails for small recreational sailboats. During the year, 120,000 sails were produced. The actual labour used was 178,000 hours at $15.20 per hour. Hobby has the following labour standard: 1.5 hours at $14.80

Answer the following: Whereas, U stands for Unfavourable and F stands for Favourable.

Required: The total labour variance is $ (F, U) The labour rate (price) variance is $ (F, U) The labour efficiency (usage) variance is $ (F, U)