Haliburton Mills Inc. is a large producer of men

$$

s and women

$$

s clothing. The company uses standard costs for all of its products. The standard costs and actual costs for a recent period are given below for one of the company

$$

s product lines

$($

per unit of product

$)$

: Standard Cost Actual Cost Direct materials: Standard:

$4\mathrm{.}0$

$$metres at $

$5\mathrm{.}40$

$$per metre $

$20\mathrm{.}00$

$$Actual:

$4\mathrm{.}4$

$$metres at $

$5\mathrm{.}05$

per metre $

$20\mathrm{.}90$

$$Direct labour: Standard:

$1\mathrm{.}6$

$$hours at $

$6\mathrm{.}75$

per hour

$13\mathrm{.}50$

$$Actual:

$1\mathrm{.}4$

hours at $

$7\mathrm{.}30$

per hour During this period, the company produced

$4800$

$$units of product. A comparison of standard and actual costs for the period on a total cost basis is also given above. There was no inventory of materials on hand to start the period. During the period,

$22$

$,$

$000$

$$metres of materials was purchased and used in production. Required:

$1.$

$$For direct materials: a

$.$

$$Compute the price and quantity variances for the period.

$2.$

$$For direct labour: a

$.$

$$Compute the rate and efficiency variances.

$3.$

$$Compute the variable manufacturing overhead spending and efficiency variances.