"FoodMaster Russia," a leading food processing company, incurred the following variances in its production costs for the last quarter:

• Direct Material Price Variance: 200,000 rubles unfavorable
• Direct Labor Efficiency Variance: 150,000 rubles favorable
• Variable Overhead Spending Variance: 50,000 rubles unfavorable Ask students to analyze the variances, identify potential causes, and propose corrective actions to improve performance. Encourage them to consider the impact of these variances on the company's profitability and operational efficiency.