QUESTION E: REVIEW 1. Hilltop Industries makes hardware for interior doors. The company uses a standard...

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QUESTION E: REVIEW 1. Hilltop Industries makes hardware for interior doors. The company uses a standard costing system to assess their ability to control costs. The performance data for the first quarter of the year reported the following variances: $24,500 unfavourable direct labour rate variance. $30,000 favourable direct materials efficiency variance $15,230 unfavourable direct materials rate variance REQUIRED: Give 2 potential causes of these variances. I QUESTION E: REVIEW 1. Hilltop Industries makes hardware for interior doors. The company uses a standard costing system to assess their ability to control costs. The performance data for the first quarter of the year reported the following variances: $24,500 unfavourable direct labour rate variance. $30,000 favourable direct materials efficiency variance $15,230 unfavourable direct materials rate variance REQUIRED: Give 2 potential causes of these variances. I