q7 and q8

Required Compute the flexible budget variance for Pitt and Jolie, Inc rd nt 6 Sales price variance LO3 The Quick Brick Shop had an unfavourable sales price variance of $150. The budgeted slling price was $10 per unit and 50 on n) bricks were sold. Required What was the actual selling price of Quick Brick's bricks? alled gle C 7) Direct materials price and usage variances LO5 Wheeler Corporation produces and sells special eyeglass straps for sporting enthusiasts. In 2011, the company budgeted for production and sales of 1200 straps. However, the company produced and sold just 1100 straps. Each strap has a standard edrequiring one metre of material at a budgeted cost of $1.50 per st, metre and two hours of assembly time at a cost of $12 per hour. Actual costs for the production of 1100 items were $1435.50 for materials (990 metres at $1.45 per metre) and $29 161 for labour (2420 hours at $12.05 per hour). Required a Calculate the direct material price variance b Calculate the direct material usage variance 8 Labour rate and efficiency vaaseas o variances LO6 Refer to the information in question Sabove Required a Calculate the direct labour rate variance b Calculate the direct labour efficiency variance