The standard and actual cost data of AVRANGZEB LTD. are as follows: Standard Actual Direct material 10,000 units @ Rs. 4 9,800 units @ Rs. 3.50 Direct Labour 5,000 hrs @ Rs. 6 6,000 hrs @ Rs. 6.50 Factory overhead 50% of direct labour Rs. 13,500 Note: 1. No need to enter currency symbol like Rs, $ and so on 2. No need to enter comma between values 3. No need to enter % sign, if answer is in % 4. No need to enter % value in decimal like do not put 0.12 instead of 12. 5. If the answer is in decimal so enter the value in 2 decimal places (2 digits after point) 6. If value come in minus so value should be written in brackets for example (1000) 7. Write Final Answer in input box like 7000 A or 7000 F Please read instruction carefully before enter the value in input box, otherwise teacher will not b Required: Calculate i) Material price variance ii) Material usage/quantity variance ift) Labour rate Variance iv) Labour time variance Overhead variance