Question 3 Time: 30 minutes Total: 18 marks Orville Company's standard and actual costs per unit are provided below for the most recent period. During this time period 1300 units were actually produced Sundell Material Actual: 2.1 2.0 Direct Santand: 22.57.00 perhe 1936 hiper Sana: 22.10.12 Actual: 17h. 154.30 per 7.14 Toulou $31.4% 52705 For simplicity, assume there was no inventory of materials at the beginning or end of the period. Required: Given the information above, compute the following variances. Also indicate if the variances are favorable or unfavorable 4. Materials price variance (3 marks) Materials quantity variance (3 marks) Direct labour rate variance marks) (3