Minamoto, a traditional Japanese company manufacturing high quality kitchen knives, recently had a fire destroy one of their factories. The company lost substantial data but was able to salvage some information. To prepare a report to their top management, the company has asked you for help The following are some information relating to direct labour and direct materials at the factory Standard direct-labour rate $14.00 Actual direct-labour rate $12.20 Standard direct-labour hours 12.000 Direct-labour efficiency variance - $9,800 Unfavourable Standard unit price for direct $4.50 materials Actual quantity of direct materials 1.800 kg purchased and used Standard quantity allowed for 1.650 kg actual production Direct materials price variance - $198 Favourable Required (show all your calculations below and write in your own words: (a) The company has asked you to calculate the following (0) Actual direct-labour hours worked, rounded to the nearest hour (1 point) (11) Price variance (or rate variance) for direct-labour (2 points) (iii) Actual purchase price for per unit of direct materials (1 point) (iv) Efficiency variance for direct materials. (2 points) (b) Explain fully one possible cause of the unfavourable direct-labour efficiency variance in the table above. (2 points) (c) Explain fully one possible cause of the favourable direct materials price variance in the table above? (2 points)