$10\mathrm{.}7.$ Self$-$Study Questions

Shilds inc., employs a standard costing system. The standard costs are as follows for the cost components;

DM: $6$ units required for the price of $6\mathrm{.}75$ TL per unit.

DL: $12$ hours are required at an hourly wage rate of $4$ TL per DL hour.

During the month, $400$ units of products were produced and $2,200$ units of DM were used. The actual cost of $2,200$ units of DM is $15,400TL.$

Actual DL hours were realised as $5,000$ hours during the month, and $23,750TL$ were paid to the employees.

Required: Find DM and DL variances.