You have been given the following information in respect to materials and labour: Standard unit price of materials £9.00 Actual unit price of materials £8.68 Standard quantity of material for actual production (units) 3,300 Actual quantity of materials purchased and used (units) 3,600 Standard direct labour rate .8.00 Actual direct labour rate .4.40 Standard direct labour hours 24,000 Direct labour usage variance .8,280 U unfavourable or adverse a) Calculate the material purchase price variance, which is (actual price – standard price) x actual quantity of materials used b) Work out the actual hours worked, to the nearest hour, remembering that the direct labour usage variance is equal to: (actual labour hours – standard labour rate hours) x standard labour rate Instructions Explain in detail you calculations