Stones Company produces a range of products, including a portable charger. They began operations at the beginning of the current year and use a standard cost system. The standard costs for a portable charger produced for cell phones are provided below: Direct material 0.6 kg @ $1.00 $0.60 Direct labour 1 hr @ $10.50 $10.50 Variable overhead 1 hr @ $1.00 $1.00 Fixed overhead 1 hr @ $0.60 $0.60 Budgeted unit cost $12.70 Total budgeted fixed overhead costs $17,000 There were no changes in any inventory account during the period. The company's actual data of production and costs are provided below: Direct materials 18,500 kgs $17,650 Direct labour 38,000 hrs $412,000 Variable factory overhead $36,000 Fixed factory overhead $16,000 Actual units produced and sold 35,000Using the above information answer the following questions. What is the amount of the direct material usage variance? Q/ Is the direct material usage variance favourable (enter the letter F) or unfavourable (enter the letters UF)? Q/ What is the amount of the direct material flexible budget variance? 'v Is the direct material flexible budget variance favourable (enter the letter F) or unfavourable (enter the letters UF)? '9 What is the amount of the direct labour rate variance? Q/ Is the direct labour rate variance favourable (enter the letter F) or unfavourable (enter the letters UF)? Q/ What is the amount of the variable overhead flexible budget variance? Q/ Is the variable overhead flexible budget variance. favourable (enter the letter F) or unfavourable (enter the letters UF)? Q/ What is the amount of the fixed overhead spending variance? Q/ Is the fixed overhead spending variance, favourable (enter the letter F) or unfavourable (enter the letters UF)? Q/ What is the amount of the fixed overhead volume variance? Q/ Is the fixed overhead volume variance. favourable (enter the letter F] or unfavourable (enter the letters UF)? 6/