a) Calculated the material price variance for materials purchased

b) Calculate the material efficiency variance.

c) Calculate the labour price variance

d) Calculate the labour efficiency variance

Kingbird Company budgeted the following cost standards for the current year: Direct materials (2 kg of plastic at $6.00 per kilogram) $12.00 Direct labour (2 hours at $12 per hour) 24.00 Variable manufacturing overhead 10.20 Fixed manufacturing overhead 6.60 Total standard cost per unit $52.80 Actual costs for producing 2,710 units were as follows: Direct materials used 6,040 kg Direct materials purchased (6,740 kg) $39,766 Direct labour (6,870 hours) $67,326 Variable manufacturing costs $32,300 Fixed manufacturing costs $17,600