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Calculate the following variances, indicating whether each variance is favourable or unfavourable: a. Direct material price and quantity variance b. Direct labour rate and efficiency

Calculate the following variances, indicating whether each variance is favourable or unfavourable:

a. Direct material price and quantity variance

b. Direct labour rate and efficiency variance

c. variable overhead spending and efficiency variable

d. Fixed overhead budget and volume variance

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10 Question 3 Dante Lid. produces cases of frozen food. During June, the company produced 1500 cases of food and incurred the following actual costs: Fixed cost $30,000 Variable cost $12,000 Actual material cost (35000 kilograms purchased and used) $70,000 Actual direct labour cost (9000 direct labour hours) $162,000 Standard cost and annual budget information are as follows: Standard cost per case Direct material cost (25 kilograms@$3) $75 Direct labour (7 hours@$20) $120 Fixed overhead (6 hours@$4) $24 Variable overhead (5 hours@$2) $10 Total I $204 Annual budget information Fixed cost $312,000 Variable overhead $160, 000 Planned activity for the year 150 000 direct labour hours II Proctorio is sharing your screen. Stop sharing Hide Calculate the following variances, indicating whether each variance is favourable or unfavourable: Direct material odee and quantiticvariano IS markel acer Pause Br PHSC & U O D H K L B N Mo <

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