The Kumar Ltd Manufacturing Company's costing system has two direct cost categories: direct materials and direct manufacturing labour. Manufacturing overhead (both variable and fixed) is allocated to products on the basis of standard direct manufacturing labour- hours (DLH). At the beginning of 2024, Kumar Ltd adopted the following standards for its manufacturing costs: Input cost per output unit Direct materials B.17kg Direct manufacturing labour 52.63 $21.49 Manufacturing overhead: Variable 516 535.20 Fixed 516.20 535.64 Standard manufacturing cost per output unit 5138.63 The denominator level for total manufacturing overhead per month in 2024 is 50090 hours direct manufacturing labour-hours, Kumar Ltd Manufacturing's flexible budget for January 2024 was based on this denominator level. The records for January indicated the following: Direct materials purchased 24125kg Direct materials used $6.10 per kg 19700 kg Direct manufacturing labour 40000 hours $24 per hour Total actual manufacturing overhead {variable plus Fixed) 5450628.33 Actual production 12400 output units Required 1. Prepare a schedule of total standard manufacturing costs for the 12400 output units in January 2024. 2. For the month of January 2024, calculate the following variances, indicating whether each is favourable (F) or unfavourable (U): a. direct materials price variance, based on purchases b. direct materials efficiency variance c. direct manufacturing labour price variance d. direct manufacturing labour efficiency variance e. total manufacturing overhead spending variance f. variable manufacturing overhead efficiency variance #. fixed production-volume variance