1. Motorsense Ltd is involved the production of 200 units of product AK. The total standard and actual costs for materials and direct labor on this job are shown below:

	Standard	Actual
Direct materials:
Standard: 520 pounds @, $3 .40 per pound	$1,768
Actual: 540 pounds @, $3.45 per pound		$1,863
Direct labor:
Standard: 220 hours @, $10 per hour	$2,200
Actual: 213 hours @, $11 pe r hour		$2,343

Compute the Material Price Variance, Material Quantity Variance, Labour Rate Variance and Labour Efficiency Variance highlighting for each whether it is Favourable or Unfavourable?