Part A Bedok Curtains makes and hangs curtains. A particular window requires the following standard amounts: < Direct materials: 10 square metres at $5 per metre Direct labour: 5 hours at $10 per hour During the second quarter Bedok made 1,500 curtains and used 14,000 square metres of material costing $68,600. Direct labour totalled 7,600 hours for $79,800. < Required: 1. Compute the direct materials price and efficiency variances for the quarter. (3 marks) < 2. Compute the direct labour price and efficiency variances for the quarter. (3 marks) < 3. Discuss the options Bedok has for computing the materials price variance, assuming Bedok had purchased 20,000 square metres of direct materials. (6 marks) < Part B Swiss Company makes large decorative clocks. The budgeted fixed overhead costs for 2020 totalled $27,000. The company uses direct labour hours for fixed overhead allocation and anticipated it would use 900 hours during 2020 to make 45,000 clocks. < The actual number of clocks produced in 2020 was 48,000 and they required 960 labour hours to make. Actual spending on fixed overheads was $28,000. < Required: < 1. Compute the fixed overhead spending variance. (4 marks) < 2. Compute the production volume variance. (4 marks)