(a) Calculate the following variances for Dec 2021 and state whether it is favourable or unfavourable: i) Total direct material variances ii)Total direct labour variances iii)Total variable overhead variances iv)Total fixed overhead variances

Cartier Co manufactures wooden toy vehicles. The company operates a standard costing system and values inventory at standard cost. The following is an extract of a partly completed spreadsheet for calculating variances in Dec 2021. $ per vehicle 250 35 Standard Cost Card - Toy Vehicle Selling price Direct material Direct labour Total production overhead Variable production ovorhead Fixed production overhead 72 5 kgs per unit @ $7 6 hours @ $12 per hour 6 hours @ $5 per DLH 6 hours @ $3 per DLH 30 18 Actual and budgeted activity levels in units Sales Production Budget 25,000 25,000 Actual 25,600 26,000 Actual sales revenue and variables costs Sales 6,266,880 Direct material purchased (150,000 kgs) 1,125,000 1,920,000 Direct labour (150,000 hours) Variable production overhead Fixed production overhead 832,000 440,000 Additional information: Annual budgeted production capacity 300,000 units The standard production overhead costs per unit is based on direct labour hours. Based on capacity of 200,000 direct labour hours per month. Direct material used 128,000 kgs