Question: Would you be able to answer this question? Coursehero has the same question online just different numbers Question 1 The following is information related to

Would you be able to answer this question? Coursehero has the same question online just different numbers

Would you be able to answer this question? Coursehero has the same

Question 1 The following is information related to Company ABC, that uses a standard cost system: Standard cost card for 1 unit of Product A: Direct materials - Raw Material A (1 kilogram @ $ 20/kg.) $ 20 Direct materials - Raw Material B (1 kilogram @$ 10/kg.) $ 10 Direct labour (1 hour @ $15/hr.) $ 15 Variable overhead (1 hour @ $ 5/hr.) $ 5 Fixed overhead (1 hour @ $ 10/hr.) $ 10 Total budgeted fixed overhead: $ 1,000 Budget total units of production: 100 units Actual units produced 88 units Actual costs incurred: Total Direct materials - Raw Material A (130 kilograms $ 2,860 Direct materials - Raw Material B ( 60 kilograms) $ 660 Direct labour (100 hours) $ 1,600 Variable overhead (100 hours) $ 480 Fixed overhead $ 1,120 Required: 1) Prepare a 5-column analysis, with the columns as follows: Actual, Cost Variances, Flexible Budget, Volume Variance, Master Budget 2) Calculate the direct labour variances. 3) Calculate the two variable overhead variances. 4) Calculate the direct materials variances

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