09:10 mdx.mrooms.net - Private 3 of 6 2 QUESTION-1 Springfield Ltd. manufactures a single product. In April 2020, the following information was available: Standard Costs Direct material (5 kgs at 6 per kg): 30 Direct labour (2 hours at 10.5 per hour): 21 The standard output (production): 1,000 units Actual costs for May 2020 Original Quantity New Quantity 1,200 units Output (Production) Direct materials Direct labour 5,500 kgs 6.50 per kg total cost 25,000 2,500 hours To derive the new quantities to be used take the original quantity plus the last 3 digits of your student number Requirements - You must work on the new student number based variables: (a) Calculate and comment on the material price variance giving possible reasons. (6 marks) (b) Calculate and comment on the material usage variance giving possible reasons. (7 marks) (c) Calculate and comment on the labour rate variance giving possible reasons. (6 marks) 1) Calculate and comment on the labour efficiency variance giving possible reasons. (6 marks) [Total 25 marks)