Current Attempt in Progress Ivanhoe Company budgeted the following cost standards for the current year: Direct materials (2 kg of plastic at $5.00 per kilogram) $10.00 Direct labour (2 hours at $12 per hour) 24.00 Variable manufacturing overhead Fixed manufacturing overhead Total standard cost per unit 10.50 7.05 $51.55 Actual costs for producing 2.660 units were as follows: Direct materials used 5.810 kg Direct materials purchased (6,610 kg) $32.389 Direct labour (6.950 hours) $65.330 Variable manufacturing costs $32,900 Fixed manufacturing costs $17,600 (a) (a) Your answer is correct Calculate the materials price variance for materials purchased. (Round per unit calculations to 2 decimal places, eg 1.25 and find answers to O decimal places, eg. 125) (b) Materials price variance $ 661 Favourable eTextbook and Media Your answer is correct Calculate the materials quantity variance Materials quantity variance $ 24504 Unfavourable Attempts: 2 of 2 used (c) Your answer is correct Calculate the labour price variance. (Round per unit calculations to 2 decimal places, eg 1.25 and final answers to O decimal places 125) (d) Labour price variance $ eTextbook and Media Calculate the labour quantity variance. Labour quantity variance 5 eTextbook and Media Sumber Litt 18070 Favourable Attempts: 1 of 2 used Attempts: 0 of 2 used Submit