Toycare manufactures puzzlegames. It has the following details of its March production.

Estimated Actual Number of puzzlegames 11,000 12,000 Kilos of raw materials 5,500 4,800 Price per kilo 0.45p 0.46p Direct labour (hours) 6,600 4,800 Direct labour price per hour £5.50 £5130 Required:

Calculate the:

(i) overall direct materials cost variance

(ii) direct materials price variance

(iii) direct materials quantity variance

(iv) overall direct labour cost variance

(v) direct labour price variance

(vi) direct labour quantity variance. LO1