give an example with numbers See the diagram on page $103$ of the case study. Analyse the diagram by drawing on your lessons in the class.

$$ Prepare dummy figures to show materials and labour variances. You must show your working for each of the variances.

$$ Draw a diagram and show your answers and working in the diagram. Your diagram must clearly show the budgeted and actual cost for both, material and labour.

$$ Write your conclusion regarding the results of the variances.