A company manufactures a number of products, data for one of which are shown below: Standard cost:

A company manufactures a number of products, data for one of which are shown below:

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Standard cost: Direct materials: Direct labour: Production overhead: Administration and selling overhead: Profit: Budget for April: Sales: Production: Actual results during April: Sales: Direct materials used: Direct labour costs: 8 units @ 2 per unit 4 hours @ 5 per hour 4 hours @ 6 per hour 50% of production cost 163% of selling price 5000 units 5200 units 5150 units valued at 566,500 77,040 110,770 Production overhead incurred: Variances calculated in April: Direct materials: Direct labour: 122,800 price 8,560F usage 800A rate 6,270A efficiency 1,500F