A-direct material price varianceB-direct material efficiency variance C-direct manufacturing labour prices varianceD- direct manufacturing labour efficiency viarancyE- variable manufacturing overhead spending variance F-variable manufacturing overhead efficiency variance G-proudction volume variance H- fixed manufacturing overhead spending variance And provide one potential explenation for each one of 1 any direct material variance2 any direct manufacturing labour variance

Sebastian Ronaldo is an accountant and analyst for Premium Door Co. which manufactures exterior doors for residential houses. Premium Door Co. uses two direct-cost categories: direct materials and direct manufacturing labour. Manufacturing overhead is allocated to production based upon kilograms of materials used The following BUDGETED information was obtained from Premium Door Co.: At the beginning of the period, they budgeted annual production and sales of 315,000 doors and the following budgeted (standards) for each door: Inputs used Cost per door Direct materials (brass) 03 kg @ $7.5/kg S 2.25 Direct manufacturing labour 12 hours @ $15/hour 18.00 Manufacturing overhead: Variable $4.00/kg x 0.3 kg 1.20 Fixed $12/kg x 0.3 kg 3.60 Budgeted cost per door $ 25.05 The following are the ACTUAL results obtained from Premium Door Co. at the end of the accounting period: Production 21,750 doors Direct materials: Units purchased 9,300 kg Price paid per kg of direct material $ 8.25 Direct materials used 6,375 kg Direct manufacturing labour Hours incurred 21,900 hours Total price paid for labour 503,700 Variable manufacturing overhead 48,825 Fixed manufacturing over head 118,500 REQUIRED 1. Compute the following variances: (20 marks)