QUESTION: Natasha Inc. produces victory T-shirts for Raptor's fans; however, due to a global pandemic, sales have not been as expected this year. The following standards were set at the beginning of the current year: Standard Direct material per unit (metre(s)) 3.00 Material price per metre $5.00 Labour time per unit 0.25 hr Direct labour rate (per hour) $14.00 The company has the following actuals for the year: Actual Production units 20,000 Total direct material purchased (metre(s)) 60,000 Total direct material used (metre(s)) 50,000 Total labour time 4,500 hrs Material price per metre $5.20 Direct labour rate (per hour) $15.00 Use the above information to answer the following questions. Compute the amount of the direct materials price variance. HINT: remember the entry rules! A/ Indicate if the direct materials price variance is Favourable (enter F) or Unfavourable (enter UF). HINT: Enter your letter without any additional spaces! A/ Compute the amount of the direct materials usage (efficiency) variance. HINT: remember the entry rules! A/ Indicate if the direct materials usage (efficiency) variance is Favourable (enter F) or Unfavourable (enter UF). HINT: Enter your letter without any additional spaces! A Compute the amount of the direct labour rate (price) variance. HINT: remember the entry rules! A Indicate if the direct labour rate (price) variance is Favourable (enter F) or Unfavourable (enter UF). HINT: Enter your letter without any additional spaces! Compute the amount of the direct labour efficiency (or usage) variance. HINT: remember the entry rules! A/ Indicate if the direct labour efficiency (usage) variance is Favourable (enter F) or Unfavourable (enter UF). HINT: Enter your letter without any additional spaces! A/