QUESTION 3 A) Pearson Inc. provides the following information: 1. Standard Material Cost (Per Unit) 7.40 Kg @ $ 10/kg 11 Actual Material Cost (Per Unit) 6.80 Kg @ $ 12/Kg 111 Standard Labour Cost (Per Unit) Actual Labour Cost (Per Unit) 3.50 hr @ $10.5/Hr 2.90 Hr @ $12.8 / Hr iv 1000 Units were manufactured. Calculate: (12 Marks) a) Direct Material Price Variance b) Direct Material Quantity/Usage Variance c) Total Material Cost Variance d) Direct Labour Rate Variatice e) Direct labour Eficiency variance Total Lubour Cost Varianca