The Kumar Ltd Manufacturing Company's costing system has two direct cost categories: direct materials and direct manufacturing labour. Manufacturing overhead (both variable and fixed) is allocated to products on the basis of standard direct manufacturing labour-hours (DLH). At the beginning of 2024, Kumar Ltd adopted the following standards for its manufacturing costs: Input Cost per output unit Direct materials 6.10 3.60 Direct manufacturing labour 3. 30 19.40 Manufacturing overhead: Variable 11.50 3.30 Fixed 10.90 3.30 Standard manufacturing cost per output unit 159.90 The denominator level for total manufacturing overhead per month in 2024 is 5170 0 direct manufacturing labour-hours. Kumar Ltd Manufacturing's flexible budget for January 2024 was based on this denominator level. The records for January indicated the following: Direct Materials Purchased 32,825 kg 4.60 per kg Direct materials used 30,370 kg Direct manufacturing labour 38,150 hours 33.60 per hour . Total actual manufacturing overhead (Variable plus Fixed) 529,429.06 Actual production 9240 output units 1. Prepare a schedule of total standard manufacturing costs for the 9240 output units in January 2024. 2. For the month of January 2024, calculate the following variances, indicating whether each is favourable (F) or unfavourable (U): a. direct materials price variance, based on purchases