Algoma Metals Inc. uses a standard cost system.
The month’s data regarding its cast iron vats follow:

Prepare schedules of all variances, using the format of Exhibit 12-9 (the
general three-column analysis).

Transcribed Image Text:

Material purchased and used, 3,400 kilograms Direct labour costs incurred, 5,500 hours, $20,900 Variable overhead costs incurred, $4,780 Finished units produced, 1,000 Actual material cost, $0.95 per kilogram Variable overhead rate, $0.80 per hour Standard direct labour cost, $4 per hour Standard material cost, $1 per kilogram Standard kilograms of material in a finished unit, 3 Standard direct labour hours per finished unit, 5