Nakita Inc. makes a popular running jacket. The company is developing standards for material, labour, & variable manufacturing overhead. The standard cost for one jogging suit would be: SQ$/$SH DM DL VMOH $3\mathrm{.}5$ yards $2\mathrm{.}0$ hours $2\mathrm{.}0$ hours SP$/$SR $$6/$yard $$18/$hour Standard Cost $$21$ $$36$ $$4/$hour $$8$ Cost per Jacket Data for last month$$s production: # of jackets produced $20000$ yards of Material purchased Yards of Material used Cost of Direct Labour hours $(10500$ hours$)$ Required: $$655,000$ units $$118,00020,000$ yards $$200,0001.$ A$.$ Compute the direct materials price and quantity variances. What is the total material variance? B$.$ Please provide one reason why DM price and$/$or quantity is F or U$?2.$ A$.$ Compute the direct labour rate and efficiency variances. What is the total labour variance? B$.$ Please provide one reason why labour efficiency is F or U$?$