Direct materials 2kg $8.00 per kg $16

Direct labour 1.5hr at $20.00 per hour $30

Factory overhead:

Variable 1.5 hr at $5.00 per hour $8

Fixed 1.5hr at $10.00 per hour $15

Total standard cost

$69

Budgeted number of units:

5,000

Actual results for the last quarter were:

Production volume

5,100

Direct materials purchased

17,000

kg at

$7.80

per kg

$132,600

Direct materials used

11,000

Direct labour

9,000

hrs at

$22.00

per hour

$198,000

Factory overhead:

Variable

$35,000

Fixed

$100,000