Question 1 Given the following information: Units produced Materials (kg) Material Costs Direct Labour (Hours) Direct Labour Costs Variable Overhead Costs Fixed Overhead Costs Other Information Overhead is Allocated on Direct Labour Hours wwwwwww Original Budget 1,000 units Actual 970 units 409 kg See other info 400 kg $8,000 36,000 hours 34,010 hours $385,000 $365,750 $255,000 $245,000 $160,000 $165,000 During the year, 500 kg of materials were purchased for $9,000 Beginning Material Inventory: none Ending Material Inventory: Required: 91kg Calculate the following variances A. Material Rate B. Material Efficiency C. Labour Price D. Labour Efficiency E. Variable Overhaed Rate wwwwwwww F. Variable Overhead Efficiency G. Fixed Overhead Rate H. Fixed Overhead Production Volume