QUESTION 1 Given the following information: Units produced Materials (kg) Material Costs Direct Labour (Hours) Original Budget 1,000 units 400 kg $8,000 Actual 1,070 units 409 kg See other info 36,000 hours 37,010 hours $385,000 $365,750 $255,000 $275,000 $160,000 $159,000 Direct Labour Costs Variable Overhead Costs Fixed Overhead Costs Other Information Overhead is Allocated on Direct Labour Hours During the year, 500 kg of materials were purchased for $9,000 Beginning Material Inventory: none Ending Material Inventory: 91kg Required: 1. What is the budgeted cost for a unit 2. Calculate the following variances A. Material Rate B. Material Efficiency C. Labour Price D. Labour Efficiency E. Variable Overhaed Rate F. Variable Overhead Efficiency G. Fixed Overhead Rate H. Fixed Overhead Production Volume