Inputs ******** NADA CARS LTD'S STANDARD COST CARD/UNIT A Standard Quantity B Standard Price or or Hours Rate 10,00 Kgs 12,00 per hour 8,50 per hour Total standard unit cost Direct materials Direct labor Variable mfg overhead $8,00 17,00 9.00 per Kg per hour per hour AxB Standard Cost per Unit 80.00 204.00 75.50 $360,50 1. Last month 21.500 kgs of direct materials were purchased and used to make 2.000 cars. The materials costa total of $150.500. Compsite and comment the quantity variance and the price variance for direct materials. (10 bonus points) 2. Last month 30.000 hours of direct labor were used to make 3.000 cars. The labor cost totaled $555.000, Compute and comment the quantity variance and the price variance for direct labor. (10 bonus points)