LUNUI (bbay) 19 Aa A BIU - ab X, * A-D-A- EEEEE ALT AaBbCcDdi AaBbCcDc AABBC AaBbcc AaBbce Normal TYU Body YUH-1 YUH-2 YU H-5 Font Find Replac Select 23 1 Paragraph Styles 4 5 6 11 12 13 14 Orville Company's standard and actual costs per unit are provided below for the most recent period. During this time period 1400 units were actually produced. Standard Actual 15-16 Materials: Standard: 2.6 metres at $2.30 per m. $5.98 Actual: 2.1 metres at $2.60 per m. $5.46 Direct labour: Standard: 2.2 hrs. at $7.90 per hr. 17.38 Actual: 1.7 hrs. at $8.50 per hr 14.45 Variable overhead: Standard: 2.2 hrs. at $4.60 per hr 10.12 Actual: 1.7 hrs. at $4.20 per hr 7.14 Total unit cost $33.48 $27.05 For simplicity, assume there was no inventory of materials at the beginning or end of the period. Required: Given the information above, compute the following variances. Also indicate if the variances are favorable or unfavorable. (3 marks) 1. Materials price variance (3 marks) 2. Materials quantity variance 3. Direct labour rate variance 4. Direct labouc efficiency variance 5.Variable overhead efficiency variance 6. Variable overhead spending variance (3 marks) (3 marks (3 marks) (3 marks) D. Focus English (United States) search