5:40

5:40 Baron Ltd makes a commercial Cleaning compound known as Loomp. The direct materials and direct labour standards for one unit Of 030m follow Quantity or Standard price or Rate Standard Cost Sllss Direct materials Direct Labour 0.2 hour Ss-so r 12.00 r hour During the most recent month. the following activity was recorded a. kg of materials were purchased at a cost of SS.20 per kg b. All of the material purchased was used to produce units of Loomp c. A total of hours of direct labour time was recorded at a total labour cost of $10,425 Required: I. Compute the direct materials price and quantity variances for the month, please brief describe what the issue the business has. 2. Compute the direct labour rate and efficiency variances for the month, please brief describe what the issue the business has.