a) calculate material price variance for the year? is it unfavourable or favourable

b) calculate material usuage variance for the year? is it unfavourable or favourable

c) calculate and enter the total matieral variance for the year? is it unfavoueable or favourable

d) calculate ans enter rhe labour rate variance for the year? is it unfavourable or favourable

e) calculate labour efficienct variance for the year

Super Rat Machine Works produces sprockets for the Tree Bicycle Company. At the beginning of the year, they had the following standard cost sheet for one batch of sprockets: Direct materials (20 kg @ $3.20 per kg). Direct labour (4 hours @ $12.00 per hour) Prime cost per batch The actual results for the year are: $ $ $ 64.00 48.00 112.00 Batches produced 68,000 Direct labour hours 290,000 Direct labour cost per hour $ 11.00 Direct materials purchased and used in kilograms 1,250,000 Direct materials cost per kilogram $ 3.40 Calculate the material and labour variances as required below