Namibia Wood Products ("NWP") is a company that manufacturers different types of furniture products under a job costing environment. To ensure that the company meets its customer expectations and the same time achieve operational efficiency, the company employs a standard costing system. At the end of each period, variances are calculated and investigations are undertaken to identify areas of improvement. The following information relates to the traditional wooden work bench that NWP produces and supplies to Small to Medium workshops in Namibia. Variance calculated: Actual data for the month of November 2022 was as follows: The actual and standard production volume for the month of November were the same