Question 14 (2 points) Stevenson Corp. produces a lawn and garden product called FastGrow. The direct materials and direct labour standards for one unit of FastGrow follow: Standard Quantity Standard Price Standard or Hours or Rate Cost 4.40 kilograms $ 2.20 per kilogram $ 9.68 0.41 hour $ 11.00per hour 4.51 Direct materials Direct labour Variable overhead 0.41 hour $ 1.80 per hour 0.74 The budgeted fixed overhead cost is $15,851 per month. The denominator activity level of the allocation base is 861 direct labour-hours. During the most recent month, the following activity was recorded: a. 9,100 kilograms of material were purchased at a cost of $2.22 per kilogram. b. All of the material purchased was used to produce 2,100 units of Zoom. c. A total of 850 hours of direct labour time was recorded at a total labour cost of 9,435. d. The variable overhead cost was $1,700, and the fixed overhead cost was $17,108. Required: Calculate the direct labour rate and efficiency variances for the month. Indicate the effect of each variance by selecting "F" for favourable, "U" for unfavourable