48 23. Labour and Sales Variances N 15 Alpha Ltd uses Standard Costing System for manufacturing its single product "APS". Standard Cost Card is as follows - Particulars per unit Selling Price 120 Less: Direct Material (1 kg per unit) (20) Direct Labour (6 hours at & per hour) (48) Variable Overheads (24) Contribution 28 Actual and Budgeted activity levels in units for the month of September are - Budget Actual Sales (units) 50,000 51,200 Production (units) 50,000 52,000 Actual Sales Revenue and Variable costs for the month of September are given as under - Sales 61,33,760 Direct Materials 10,65,600, Direct Labour (3,00,000 hrs) 24,42,000, Variable OH 12,28,000 Calculate - Direct Labour Rate Variance. () Direct Labour Efficiency Variance, (m) Sales Volume Variance, (i) Sales Price Variance, (v) Comment on your findings in (1) and () above