Problem 5 Following are data for the Van Ness shirt factory in San Angelo, Texas, for the month of March. Budget Actual Units Manufactured 500,000 400,000 Fabric: price per yard $2.50 $2.60 total yards used 1,000,000 800,000 Direct Labour: wage rate per hour $10.00 $12.00 total hours used 250,000 220,000 Launo rate Problem 5 Following are data for the Van Ness shirt factory in San Angelo, Texas, for the month of March. Budget Actual Units Manufactured 500,000 400,000 Fabric: price per yard $2.50 $2.60 total yards used 1,000,000 800,000 Direct Labour: wage rate per hour $10.00 $12.00 total hours used 250,000 220,000 a. Compute the price and quantity (usage) variances for fabric, and the wage rate and efficiency variances for labour. Standora SQ-AQ) ( 250