Kasia Manufacturing Company has developed the following standards for one of their products:

STANDARD VARIABLE COST CARD

ONE UNIT OF PRODUCT

Direct materials:20 square meter atRM5 per square foot 100.00

Direct labour:8 hours atRM6 per hour 48.00

Variable overhead:8 hours atRM3 per hour 24.00

Total standard variable cost per unit 172.00

The company records materials price variances at the time of purchase.

The following activities occurred during the month of July:

Materials purchased 150,000 square meter at RM5.25 per sq. foot

Materials used 96,000 square meter

Units produced5,000 units

Direct labour41,000 hours at 6.55 per hour

Actual variable overhead 238,000

Required:

Calculate the material price variance and indicate whether it is favourable or unfavourable.

Calculate the material usage variance and indicate whether it is favourable or unfavourable.

Calculate the labour rate variance and indicate whether it is favourable or unfavourable.

Calculate the labour efficiency variance and indicate whether it is favourable or unfavourable.

Calculate the variable overhead spending variance and indicate whether it is favourable or unfavourable.

Calculate the variable overhead efficiency variance and indicate whether it is favourable or unfavourable.