10 1 hipper adace Problem 10-20 Materials and Labour Variances; Computations from Incomplete Data [LO1, LO2, LO3] Talla Company produces a single product. The company has set standards as follows for materials and labour Direct Materials kilograms per kilogram 1 Standard quantity or hours per unit Standard price or rate. Standard sust per unit Materials quantity variance Jutal satarials variants Labour efficiency variance During the past month, the company purchased 3,000 kilograms of direct materials at a cost of $8.250. All of this material was used in the production of 700 units of product. Direct labour cost totalled $6,825 for the month. The following variances have been computed Required: 1. Compute the following for direct labour, $600 U S 150 F $2,250 F Direct Labour 1.25 hours 10 per hour Standard price per kilogram for materials blandant quantity allowed for materials for the month's production Standard quantity of materials alowed per unit of product 1 $11.25 kas kgs per un 1 10 points Skipped eBook Materials quantity variance Total materials variance Labour efficiency variance Required: 1. Compute the following for direct labour, $ $ 11 D 600 U 150 A Standard price per kilogram for materials Standard quantity slowed for materials for the month's production S Standard quantity of materials allowed per unit of product Actual direct labour cost per hour for the month Labour rate variance $2,250 2. Compute the following for materials price variance. (Round your answers to 2 decimal places) kas os por und