Please answer in 1 houre

Course name: Management Accounting

Brier Company, manufacturer of car seat covers, provided the following standard costs for its product: Standard Standard Cost Inputs Quantity Standard Cost (S) 5 per pound per Unit (S) Direct materials 7.1 pounds 35.50 Direct labour 0.8 hours 17 per hour 13.60 Variable overheads 0.8 hours 7 per hour 5.60 The company reported the following in 2022 May: 4 700 units Original budgeted output Actual output 4 500 units 3 610 hours Actual direct labour hours Actual cost of direct labour $65 341 Purchases of raw materials 36 500 pounds $186 150 Actual price paid for raw materials Raw materials used 34 150 pounds Actual variable overhead cost $24 909 Variable overhead is applied on the basis of direct labour hours. A. Compute the following: i. Direct materials quantity variance ii. Direct materials price variance iii. Direct materials total variance iv. Direct labour efficiency variance V. Direct labour rate variance vi. Direct labour total variance vii. Variable overhead efficiency variance viii. Variable overhead rate variance State TWO (2) benefits of standard costing. B. (2 marks) (3 marks) (1 mark) (2 marks) (3 marks) (1 mark) (2 marks) (2 marks) (2 marks)