Question 3 Danone Company manufactures infant nutritional products known as "Super Friso". The direct materials and direct labour standards for one units of "Super Friso" are given below: Standard quantity or hours Standard price or rate Standard cost Direct material 9.2 kilos 5.00 per kilo 46.00 Direct labour 0.4 hours 24 per hours 9.60 During the most recent month, the following activity was recorded: 1. 40,000 kg of material were purchased at a cost of 4.70 per kilo. 2. The actual production units is 8,000 units of Zoom. 3. A total of 1,500 hours of direct labour time was recorded at a total labour cost of 20,845. You are required to: I. Direct material price variance II. Direct material usage variance III. Direct labour rate variance IV. Direct labour efficiency variance b. Please comment above results