Below are presented budgeted and actual data for the production of $2000$ dessert cakes.

The data contains variable costs comprised of material and labour.

Standard Qty and Rate $($Per Unit$)$ Actual Quantity and Price Used

Production $2000$ Production $2000$

Material Qty $2\mathrm{.}5$ kg Actual Material Qty $5600$

Material Price Rs $14$ Material Price $72500$

Labour Hours $0\mathrm{.}5$ hours Labour Hours $1100$

Labour Rate Per Hour Rs $20$ Labour Charges $20900$

Material Cost $70000$

Labour Charges $20000$

Total $90000$ Total Cost

You have to find out the price variance and usage variance to explain the deviation of actual

performance from the planned performance.