14 [20 marks) Using the same data in question 3 answer the following questions: . a) Calculate the total direct material variances (price and volume/quantity) B) Calculate direct labour variances (Rate and efficiency) c) Calculate the total overhead variance (Fixed and variable overhead) D) Determine whether Fineway met its price and quantity objectives for materials, labour and overhead. (For the variances calculated you should indicate if it is favourable (F) or unfavourable (U)) 14 [20 marks) Using the same data in question 3 answer the following questions: . a) Calculate the total direct material variances (price and volume/quantity) B) Calculate direct labour variances (Rate and efficiency) c) Calculate the total overhead variance (Fixed and variable overhead) D) Determine whether Fineway met its price and quantity objectives for materials, labour and overhead. (For the variances calculated you should indicate if it is favourable (F) or unfavourable (U))