1. Calculate the volume variance on direct material.

2. Calculate the price variance on direct labor for Job 17.

CASE 1 - CAMINO The company Camino Ltd produces exclusive scarfs for women. All scarfs have the same quality. The accounting department shares the Standard cost for 1 batch of scarfs: - Direct Material: 24m x 1,50 EUR/m - Direct Labour: 4 DLH X 16,00 EUR/DLH - Fixed Manufacturing Overhead : 40,00 EUR/DLH For the month of May, the capacity is 32 Batches of production. During May, the company exclusively works on 3 orders: 0 Order 15: Batches: 5-consumed material (#m): 125 - DLH: 20 o Order 16: Batches: 7 - consumed materials (#m): 165 - DLH: 30 o Order 17: Batches: 12 - consumed materials (#m): 300 - DLH: 40 In May, the following costs were consumed: Raw materials (973,5 EUR) - Direct Labour (1 620,00 EUR) - Fixed Mfg Overhead (5 500,00 EUR) No beginning nor end inventory. On March 31, Order 17 was only finished for 80% - Order 15 & 16 were fully finalized. All required raw materials are being added at the beginning of the production process. Other production costs are added equally