Picture Perfect manufactures picture frames, which is its only product. The standards for tablecloths based on 1,500 picture frames are as follows: Standard direct materials cost per meter $5 Standard direct materials quantity per picture frame(meter) 2.8 Standard direct labour cost per hour $15 Standard direct labour hours per tablecloth 0.5 Variable overhead per hour $8 Fixed overhead per hour Total $30,000) $401 During the month of October, the company produced 2,000 picture frame. Related production data for the month follows: Actual meters of direct material purchased and used Actual direct materials total cost Actual direct labour hours Actual direct labour total cost incurred Actual variable overhead incurred Actual fixed ovehead incurred 5,100 meters $25.000 1.050 SI5,600 $7.500 $29.000 A. Compute direct materials price and direct material usage variances. (5 marks) B. Compute direct labour rate and direct labour efficiency variances. (5 marks) C. Compute variable overhead spending and efficiency variances. (4 marks) D. Explain why the direct materials price and direct materials usage variances occurred. Do not just indicate price or quantity changed. Why did the changes occur? (4 marks)