The following labour standards have been established for a particular product: 8.3 hours Standard labour hours per unit of output Standard labour rate $12.10 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked 6,100 hours Actual total labour cost $71,370 Actual output 900 units a. What were the labour variances for the month? Clearly indicate whether they were Favourable (F), or, Unfavourable (U) [8 marks] Input: DL Output:900 units STD: 8.3 Hrs @ $12.10 AH XAR AH X SR SH X SR a. Overhead is applied on the basis of direct labour hours: 8.3 hours Standard labour hours per unit of output Standard variable overhead costs per hour Required: Determine the overhead variances $2.10 per hour Input: MOH-VC Output:900units STD:8.3Hrs @ $2.10 AH XAR AH X SR SH X SR [7 marks]