Question #1 (20 Marks) The cost of Product A is the sum of direct materials, direct manufacturing labour and manufacturing overhead costs (variable and fixed). The variable manufacturing overhead is allocated based on budgeted direct labour hours per unit of Product A. The budgeted amounts are 6 labour hours for each product, at a cost of $20 per direct labour hour with a budget production of 2,000 units of product A. The actual variable manufacturing overhead costs were $253,500 and 1,950 units were produced. And the actual direct manufacturing labour hours were 13,000 Required: 1. Prepare a Variable Manufacturing Overhead, variance analysis that includes the Flexible-budget variance, the rate variance, and the efficiency variance. (16 marks) 2. Comment on the results (2 marks)