Question: Prepare a full variance analysis for direct material and direct labor: CASE- P&G The company P&G Ltd shares the following standard cost information with regard

Prepare a full variance analysis for direct material and direct labor:

CASE- P&G The company P&G Ltd shares the following standard cost information with regard to its most known product 'PANTENE SHAMPOO BOTTLE': Standard Qties 6kg 0,25 DLH Standard prices 1,65 /kg 10,00 /DLH - Direct Material: -Direct Labour: During May, the following occurred: Production volume 23 000 shampoo bottles Direct materials used 162 000 kg Direct Labour hours consumed: 5 000 DLH For the month of May, the additional following information is shared: Purchased direct materials : 182 000 kg @ total cost of 305 760 Direct Labour costs: 40 100 EUR

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