materials price variance? materials quantity variance? labour rate variance? labour efficiency variance? variable overhead spending variance? variable overhead efficiency variance? fixed overhead budget variance? fixed overhead volume variance? total variance?

favourable or unfavorable?

Standard Cost Card-Per Unit Direct materials, 4 metres at $3.30 per metre 13.29 $ 14.85 Direct labour, 1.1 direct labour-hours at $13.5 per direct labour-hour 2.53 Variable overhead, 1.1 direct labour-hours at $2.3 per direct labour-hour 4.40 Fixed overhead, 1.1 direct labour-hours at $4 per direct labour-hour 34.98 $ Standard cost per unit The following additional information is available for the year just completed: a. The company manufactured 28,000 units of product during the year. b. A total of 111,100 metres of material was purchased during the year at a cost of $3.40 per metre. All of this material was used to manufacture the 28,000 units. There were no beginning or ending inventories for the year. c. The company worked 32,600 direct labour-hours during the year at a cost of $13.20 per hour. d. Overhead cost is applied to products on the basis of standard direct labour-hours. Data relating to manufacturing overhead costs follow: Denominator activity level (direct labour-hours) Budgeted fixed overhead costs (from the flexible budget) Actual fixed overhead costs Actual variable overhead costs $ $ $ 31,550 126,200 124,900 76,070