61 to 70 The Perseus Co. Ltd, produces a single product in its overseas factory, For control purpose che standard costing system was recently introduced and is now in operation. The standard set for the month of May were as follows: Sales and production for the month 16,000 units Selling price per unit GH140 Direct Material X 6kg per unit at GH12.25 per kg Direct Material Y 3 kg per unit at GH3.20 per kg Labour 4.5 hours per unit at GH8.40 per hour Overheads (all fixed) of GHc86,400 per month are not absorbed into the product costs. The actual data for the month of May, are as follows: Produced 15,400 units, which were sold at GH138.25 each. Materials: i. Used 98,560 kilos of material X at a total cost of GH1,256,640 Used 42,350 kilos of material Y at a total cost of GH132, 979. iii. Labour: Paid an actual rate of GHe 8.65 per hour. The total paid out amounted to GH 612 766. iv. Overheads (all fixed) GH96, 840. The business operates a marginal costing system. 66. Material y usage variance is A. GH13,220 Adverse GH13,220 Favorable C. GH12,320 Adverse D. GH12.320 Favorable de 67. Labour rate variance is A. GH17,710 Favorable GH71,710 Adverse C. GH17,710 Adverse D. GHe71,710 Favorable 68. Labour efficiency variance is A. GH12,936 Favorable B. GH12,936 Adverse GH21,936 Favorable D. GH421,936 Adverse 69. If budgeted contribution is 305,600, what is the sales less standard variabl GH267,190 B. GH4267,190 C. GH140,525 D. GH126,665 70. If budgeted contribution is 305,600. Actual profit figure.... A. GH29,825 GH10,440 C. GH92,528 D. GH40,410