JESTION #4 BUDGETS AND VARIANCES Amherst Corporation produced 300,000 units of Product #134 in June. Standards and Actual results for Product #134 for June are as follows: Standards Actual Results 2.5lbs of Direct Material 780,000lbs of direct materials were used in total. S6 per lb of direct $5.80 per lb of direct materials materials REQUIRED: Calculate the following variances: Question # 4-A Question # 4-B Question # 4-C DM Price Variance DM Quantity Variance DM Flexible Budget Variance Ensure that you label all variances as Favourable or unfavourable. Space has been provided on the following page to calculate the variances. Flexible Budget Actual Volume Actuals Actual Volume Actual Volume Actual Input (AQ) Actual Inputs (AQ) Standard Input X Standard Price Standard Price Actual Price Price VARIANCE Quantity VARIANCE Flexible Budget Variance TION #5 RACTICE WORKBOOK BUDGETS AND VARIANCES SPRING 2021 Professor Ann Parsons C.my Corporation produced 300,000 units of Product Yoho in June. Standards and Actual results for DL for Yoho for June are as follows: Standards Actual Results 10 DL hours per unit 10.95 hours per unit Wage rate $21/hour Wages $64,057,500 REQUIRED: Calculate the following variances: Question # 5-A Question # 5-B Question # 5-C DL Rate Variance DL Efficiency Variance DL Flexible Budget Variance Ensure that you label all variances as Favourable or unfavourable. Be prepared to discuss why variances are favourable or unfavourable in class and on a TEST/EXAM. Space has been provided on the following page to calculate the variances