For producing one unit of a product, the materials standard is:

Material X : 8 lbs. @ $6 per lbs., and Material Y : 10 lbs. @ $4 per lbs.

In a week, 1,000 units were produced the actual consumption of materials was:

Material X : 4,900 lbs. @ $9 lbs., and Material Y: 2,800 lbs. @ $9.50 per lbs.

Compute the various variances.

3) Tyler Fisher is a server at Mapleton Caf who earns $12.20 per hour plus controlled tips (meaning they are subject to CPP and EI). Tyler is paid weekly and worked 38 hours during the week ending May 11, 2019. Controlled tips for that week were $200.

Tyler had the following deductions from his pay cheque:

• Canada Pension Plan deduction is $30.41.
• Employment Insurance is $10.75.
• Federal and provincial income tax is $89.20.

4) Explain CPP and EI.

5) What is T4 Slip.