Question: Dear tutor , please solve this problem , regards Question 6) (20 marks) X Co. produces a single product. The standard costs for one unit

Dear tutor , please solve this problem , regards

Dear tutor , please solve this problem , regards Question 6) (20

Question 6) (20 marks) X Co. produces a single product. The standard costs for one unit of product are as follows: Direct Materials: 8 ounces at $1 per ounce $8.00 Direct Labour: 2.8 hours at $18 per hour $50.40 Variable Manufacturing Overhead: 2.8 hours at $9 per hour $25.20 Total Std. Variable Cost Per Unit $83.60 During March, 4,000 units were produced. The costs associated with March's operations were: Materials Purchased: 21,000 ounces at $.90 per ounce $18,900 Material Used in Production: 29,000 ounces Direct Labour: 11,500 hours at $18.25 per hour $209,875 Variable Manufacturing Overhead Costs Incurred: $101,000 Required: a) Determine Direct Material Price and Efficiency Variances. b) Determine Direct Labour Price and Efficiency Variances. c) Determine the Flexible Budget Variance for Direct Labour

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