Standard Cost per Actual Cost Unit per Unit Direct materials: Standard: 1.80 metres at $3.00 per metre $ 5.40 Actual: 1.80 metres at $3.30 per metre $ 5.94 Direct labour : Standard: 0.90 hours at $18.00 hour $16 .20 Actual: 0.92 hours at $17.50 per hour 16 . 10 Variable overhead: Standard: 0.90 hours at $5.00 per hour $ 4.50 Actual: 0.92 hours at $4.50 per hour 4. 14 Total cost per unit $26 . 10 $ 26.18 Excess of actual cost over standard cost per unit $0. 08b. Labour rate and efficiency variances. (Input all amounts as positive values. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e, zero variance).) Labour rate variance 5,520 F Labour efficiency variance $ 43,203 Ub. Labour rate and efficiency variances. (Input all amounts as positive values. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e, zero variance).) Labour rate variance 5,520 F Labour efficiency variance $ 43,203 U\fc. Variable overhead spending and efficiency variances. (Input all amounts as positive values. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e, zero variance).) Variable overhead rate variance $ 5.520 F Variable overhead efficiency variance $ 1,200 F2. How much of the $0.08 excess unit cost is traceable to each of the variances computed in Requirement 1 above. (Input all amounts as positive values. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Round your answers to 2 decimal places.) Materials: Price variance $ 0.54 F Quantity variance 0.00 None 0.54 F Labour: Rate variance 0.46 C Efficiency variance 0.36 0.10 Variable overhead: Rate variance 0.46 F Efficiency variance 0.10 F 0.36 Excess of actual over standard cost per unit $ 0.083. How much of the $0.08 excess unit cost is traceable to apparent inefficient use of labour time? (Input all values as positive amounts. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Do not round intermediate calculations. Round your final answers to 2 decimal places.) Excess of actual over standard cost per unit Less portion attributable to labour inefficiency: Labour efficiency variance 0.46 F Variable overhead efficiency variance 0.46 F 0.92 Portion due to other variances $ 0.92