6. Consider the following data for Veer Ltd:

	Direct Materials	Direct Labor
Actual price per unit of inputs (Kg and hour) in Rs	7.5	12
Standard price per unit of inputs in Rs	7	14
Standard inputs allowed per unit of output	8	2
Actual units of inputs	1,16,000	29,000
Actual units of output (product)	14,400	14,400

Calculate the Price variance and the Usage variances for the direct material and the direct labor and the Total variance. What could be the rationale for such a Price variance? Use UF or F to indicate whether the variances are unfavorable or favorable respectively.