1. Cultco Co. Ltd has set the following direct material standards per unit of product: 2.5 kg @ $2.98 per kg. During April, actual direct material purchased and used amounted to 8,000 kg at a cost of $3.10 per kg. Actual production amounted to 3,000 units. Determine Cultco's direct material quantity variance
2. TwisterPtyLtdhassetdirectlabourstandardsof3hoursperunitand$4.73perhour.Duringthemonth2900hoursata totalcostof$17400wereusedtoproduce1000units.Determinethedirectlabourefficiencyvariance.
3. Twister Pty Ltd has set direct labour standards of 3 hours per unit and $4.73 per hour. During the month 2,900 hours at a total cost of $17,400 were used to produce 1,000 units. Determine the direct labour price variance.