From the following information, compute the various variances: Standard: Actual: Materials quantity Materials price Direct labour-hours Labour

From the following information, compute the various variances:

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Standard: Actual: Materials quantity Materials price Direct labour-hours Labour rate Overheads Capacity Materials purchased Material price Materials used Direct labour hours Labour rate Overheads Units produced 1 kg per unit *14 per kg 1.5 hours per unit *30 per unit 10 per standard direct labour-hour 5,000 units 10,000 kgs *15 per kg 5,400 kgs 8,000 3,150 per hour 88,000 5,000