Question 2 ( 10 marks During October 2013 Kent Itd's material purchases amounted to 6900 kilograms at a price of ST . 40 / KE Actual costs incurred in the production of 2 090 units were as follow Direct material $31 080 $7 40 / KB Direct labour 118 035 $18 30 / hour The standards for one unit of Kent Itd's product are as follows Direct material Direct labour Quantity : 2 kelunit Quantity : 35 hours/unit Price : $7 20 / ke Rate : $18 / hour Required : Calculate the following variances and indicate whether each variance is favourable or unfavourable ( a ) Direct material price variance ; ( 2 marks ) ( b ) Direct material usage variances ; ( 2 marks ) ( C ) Direct labour rate variance ; ( 3 marks ) ( 2 ) Direct labour efficiency variance . ( 3 marks )