1. BUDGET Unit Total $ $ Production (8,700 units) Materials 4 kg @ $4.50/kg 18 156,600 Labour 5hrs @ $5/hr 25 217,500 ACTUAL EA $ Production (8,900 units) Materials purchased 35,464 kgs for $163,455 (used 34,928 kgs) 161,043 Labour (45,400 hours worked and paid) 224,515 Required: Calculate the following variances: (i) Total Materials Variance (iv) Total Labour Variance (ii) Materials Usage Variance (v) (iii) Materials Price Variance 33 Labour Efficiency Variance (vi) Labour Rate Variance