MIKS Professor Use Only Question 1: Marcell Company's standard and actual costs per unit are provided below for the most recent period. During this period, 600 units were actually produced. Product Actual SI845 Product Standard Co Materials Metre Unit Price Per Metre Standard 88 $2.00 $17.60 Actual 88 S2.101 Direct labout Hours Hourly Rate Standard $16.00 596.00 Actual 5.8 $17.00 Variable overhead Hours Hourly Rate Standard $2.00 5600 Actual 2. 52.20 Total unit cost $119.60 598 60 56.16 $12324 Required: Given the information above, compute the following variances. Also, indicate if the variances are favorable or unfavorable. 1. Materials price variance 2. Materials quantity variance 3. Direct labour rate variance - Direct labour efficiency variance S. Variable overhead rate variance 6. Variable overhead efficiency variance 2. Please give some managerial suggestions based on your calculation, Question 2: Best System Solution products: A B, and