Question: 1. BUDGET Unit Total $ $ Production (8,700 units) Materials 4 kg @ $4.50/kg 18 156,600 Labour 5hrs @ $5/hr 25 217,500 ACTUAL Production Materials

1. BUDGET Unit Total $ $ Production (8,700 units) Materials 4 kg @ $4.50/kg 18 156,600 Labour 5hrs @ $5/hr 25 217,500 ACTUAL Production Materials (8,900 units) purchased 35,464 kgs for $163,455 (used 34,928 kgs) 161,043 Labour (45,400 hours worked and paid) 224,515 Required: Calculate the following variances: (i) Total Materials Variance (iv) Total Labour Variance (!!) Materials Usage Variance (v) Labour Efficiency Variance (111 Materials Price Variance (vi) Labour Rate Variance

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