You have been given the following per unit information about the production of Greco Ltd._. and are asked to provide the plant manager with information fora meeting with the vice-president of operations with the following per unit data: Standard Standard Actual Quantity ' Quantity Direct labour 0.8 hours $18l hour 1.0 hours $115l hour Production data for the year is as follows: Description Amount Actual production (units) 55:000 Required: Calculate the direct labour rate l[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 $ [ e Indicate if the direct labour rate variance is favourable [enter the letter F} or unfavourablell {enter the letters UF] l av The amount of the direct labour efficiency variance, also called the direct labour usage variance. is $ ll la Indicate if the direct labour efficiency variance is favourabie {enter the letter Flor unfavourable {enter the letters UFJJ l l y