Q#1 The D Co. has budgeted normal monthly capacity of 10,000 labor hours, with a standard production of 8000 units at this capacity standard cost are:

Material -------------------------------------------------------------- 2 kilograms @ Rs. 0.50

Labor -----------------------------------------------------------------Rs. 9 per hour

Factory overhead at normal capacity:

Fixed expense ---------------------------------------------- Rs. 5,000

Variable expense --------------------------------------------Rs. 1.50 per labor hour

During May, actual factory overhead totaled Rs. 17550 and 9000 labor hours cost Rs. 76500 during the month, 7000 units were produced using 14400 kg of materials at a cost of Rs. 0.51 per kg

Required:

1. Two variance of materials
2. Two variance of labor
3. Two variance of FOH
4. Three variance of FOH
5. Four variance of FOH