$7$ Fart $1$ of $2$

Points: $0$ of $12$

Consider the following data collected for Excel Construction Trailers:

$\backslash$table$[[,\backslash$table$[[$Direct$],[$Materials$]],\backslash$table$[[$Direct Manufacturing$],[$Labour$]]],[$Costs incurred: Actual inputs x actual rates,$216,000,93,000],[$Actual inputs x standard rates,$221,000,89,000],[$Standard inputs allowed for actual outputs $$ standard rates,$225,000,82,000]]$

Required

Compute the rate, efficiency, and flexible$-$budget variances for direct materials and direct manufacturing labour:

Compute the rate, efficiency, and flexible$-$budget variances for direct materials. Label each variance as favourable $($F$)$ or unfavourable $($U$).$

Pate variance $$

$$

Efficiency variance $$

$$

Flexible$-$budget variance $$