Question: You have been given the following per unit information about the production of Thomas Ltd., and are asked to provide the plant manager with information for a meeting with the vice-president of operations with the following per unit data: Standard Standard Actual Actual Quantity Price Quantity Price Direct labour 1.5 hours $18/ hour 1.75 hours $17 /hour Production data for the year is as follows: Description Actual production (units) Required: Amount 42,000 Calculate the direct labour rate (also called price) and efficiency (also called usage) variances and use your solution to answer the following questions. NOTE: Please enter all variances as positive numbers. The amount of the direct labour rate variance, also called the direct labour price variance, is $ - The amount of the direct labour rate variance, also called the direct labour price variance, is $ A/ Indicate if the direct labour rate variance is favourable (enter the letter F) or unfavourable (enter the letters UF). A The amount of the direct labour efficiency variance, also called the direct labour usage variance, is $ A Indicate if the direct labour efficiency variance is favourable (enter the letter F) or unfavourable (enter the letters UF). A