Daisy limited produces a product selling price is $10 per pound

The standard cost is

Direct material 10 pound @$ 90 per pound

Direct labour 8 hour @ $80 per hour

Variable overhead 8 hour @$ 20 per hour

Fixed overhead- $250

Budgeted output for a quater of a year is 10000 pound , Actual output is 9000 pound

Direct material 8900 pound @$ 92 per pound

Direct labour 7000 hour @ $84 per hour

Variable overhead incurred- $140000

Fixed overhead- $260000

Caluculate

Material usage variance

Material price variance

Material cost variance

Labour efficiency variance

Labour rate variance

Labour cost variance