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Hi please help me solve this Question 20 The FCC Banner Company makes political banners that say 'Hamaara Khwaab Bhooka Nanga Punjab' with pictures of

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Question 20 The FCC Banner Company makes political banners that say 'Hamaara Khwaab Bhooka Nanga Punjab' with pictures of an eminent political personality on them. The standard costs on these ugly cloth banners are as follows: Direct Materials standard Direct Mfg. labor standard 10 Sq yards @ Rs 50 per yard 5 hours @ Rs 10 per hour During the last week the FCC Banner Co. made 15 banners and used 140 sq. yards of cloth costing Rs 6,720. Direct labor totaled 76 hours for a cost of Rs 798. a) Compute the Direct Materials Price and Efficiency (Usage) variances b) Compute the Direct Labor Rate and Efficiency (Usage) variances for the week. 30 marks

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