Explain

Using the data from the Standard Cost sheet and the Actual Cost sheet determine the variance, state whether that variance is favourable (F) or unfavourable (U) and provide a potential explanation for the variance Standard Actual Cost Variance (F) / (U) Cost per per Unit ($) Unit ($) Direct Materials Fruit $0.8 $1.6 30.8 U Pectin $0.021 $0.0198 0.0012 F Acid $0.045 $0.03 0.015 F Sugar $0.1 $0. 14 0.04 U Jars $0.4 $0.40 0 F Total Direct Materials Direct Labor $0.40 $0.48 0.08 U Overheads Variable Overheads $0.02 $0.02125 0.00125 U Fixed Overheads $0.70 $0.602 0.098 F Total Overheads Total Standard Unit Cost $2.486 $3.293 0.807 U + Explanation