Consider the following data collected for Helsingr: Cost incurred: Actual inputs x actual prices Actual inputs standard

Consider the following data collected for Helsingør:

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Cost incurred: Actual inputs x actual prices Actual inputs standard prices Standard inputs allowed for actual outputs standard prices Direct materials DKK 200 000 214 000 Direct manufacturing labour DKK 90 000 86 000 225 000 80 000 Required Calculate the price, efficiency and flexible-budget variances for direct materials and direct man- ufacturing labour.