1.The company uses a standard absorption costing system and the following printout shows details of the company's results relating to September 2019.

Actual

Budgeted

Sales volume units

18,000

20,000

Selling price per unit

30

30

Production volume units

19,200

20,000

Direct materials total KG

38,000

40,000

Direct materials price per KG

0.90

1.00

Direct labour hours per unit

2.00

2.40

Direct labour rate per hour

8.25

8.00

Fixed overhead production

38,000

40,000

Fixed overhead administration

24,000

20,000

Calculate the following variances:

a) Material price variance.

b) Material usage variance.

c) Labor rate variance.

d) Labor efficiency variance.

e) Fixed overhead production expenditure variance.

f) Sales margin price variance.

g) Sale margin volume variance.