Huget Limited produces one product. The standard costs per unit based on a monthly budgeted production of 2,400 units are as follows: During March, 2,200 units were put into production and completed. The following additional information was gathered concerning production: a. There was no raw material inventory at the beginning or at the end of March. b. Direct Labour cost for the month of March was $27,730. c. Raw Materials: 42,000 parts used at a total cost of $45,000. d. Actual Direct Labour Hours: 4,700 hours. e. Manufacturing Overhead incurred for March: Variable: $7,200 Fixed: $18,000 REQUIRED: Calculate (1) the Material Usage Variance, (2) the Labour Rate Variance, (3) the Fixed Overhead Spending Variance, (4) the Variable Overhead Efficiency Variance, and (5) the Fixed Overhead Denominator Variance. Indicate and label clearly if the variances are favourable (F) or unfavourable (U)