Q.3 Answer the following: I. X Ltd. has prepared the following statement for the month of April 2015: Particulars Budget Details Static Budget Units produced & sold 4.000 Rs. Direct Material 3 kg per unit @ Rs. 15 per Ky 1.80,000 Direct Labour 1 hour per unit @ Rs. 36 per hour 1,44,000 Variable Overheads 1 hour per unit @ Rs. 22 per hour 88,000 Total Cost 5.02.000 Sales 6,00.000 Profit 98,000 During the month 10,000 kg of materials and 3,100 direct labour hours are utilised. Compute material, labour and overhead variances. Actual 3,200 Rs. 1,55,000 1,12.800 73,600 4,25,400 4.48,000 22,600 [9]