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PLZ PLZ HELP Standard Coasters Plc produces and sells one product, product S. Below is the standard cost of one unit of Product S: Direct

PLZ PLZ HELP

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Standard Coasters Plc produces and sells one product, product S. Below is the standard cost of one unit of Product S: Direct Material A - 10 kilos at 20 per kilo 200 Direct Material B - 5 litres at 6 per litre 30 Direct Labour - 5 hours at 6 per hour 30 Fixed production overhead - 5 hours at 10 per hour 50 Standard cost 310 Standard Profit 90 Standard Selling Price 400 Budgeted Fixed production overhead is 45,000 based on monthly output of 900 units and 4,500 direct labour hours. In April 2021, the first month in the company's financial year, the following were the actual results for an actual production of 800 units of Product S. 1. Sold 800 units for 320,000. 2. Direct Material A -7,800 kilos at 20.50 per kilo 3. Direct Material B -4,300 litres at 5.50 4. Direct Labour 4,200 hours at 5.75 per hour 5. Fixed production overhead incurred 47,000. Required (a) Calculate the Actual Profit for April 2019 (b) Material A Price and Usage Variances (c) Material B Price and Usage Variances (d) Direct Labour Rate and Usage Variances (e) Fixed Production Overhead Expenditure and Volume Variances (f) Sales Price and Sales Volume Variances (g) Comment of any five of the variances you have calculated above

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