20 Question 3(a): Learning Curve - Variance Analysis 6 Marks PAL Limited is considering manufacture and launch of 1000 units of a special product 'L X 4' into the market. The Direct Labour Rate budgeted is 96 per hour. Direct Labour Costs are expected to reduce as the volume of output increases due to the effects of 80% Learning Curve (index is - 0.3219). The expected time to be taken for the first unit is 40 hours and the learning effect is expected to end after 250 units have been produced. The units produced after the first 250 units will take the same time as the 250 unit. (0) Calculate the Standard Labour hours expected over the 1,000 units. (Note: 250-0.3219 = 0.1691, 249-03219 = 0,1693] (1) If the actual hours were 6,000, compute the Labour Efficiency Variance over the 1,000 units. () Without the Learning Curve application, how would you have reported the Efficiency Variance, taking the Standard Time per unit as the expected time for the first unit