Question 3 (18 marks) Barch Inc. produces and sells one product. The budgeted (standard) cost for one unit follows Budgeted Cost per unit of output Direct materials sk. 51.50 per kg Direct Labour hrs SI5.00 per hour Factory overhead eBocated based on direct labeur hours) Variable 14 hrs@ 5.00 per hour Normal activity per month Isodect the hours The actual data for the current month is: Uruits produced and sold 11.800 units Direct mat c hased 10.200 k @ $1.45 per ke Duct materials used 19 500 ke T h e $122100 Direct bibou pay rate $16.50 per hour Actual hours 11.400 hours Total are overhead costs I$26.000 REQUTRED: Calculate the following variances. You must correctly identify the amount of the variances and if they are F (favorable) or (13 marks) (unfavorable) 1 Static Budget Variance 2 Flele Badget Vrance 3 Sales Volume Variance 4 Direct material rate variance 5 Direct material efficiency variance 6 Duct about varice 7 Direct labour efficiency variance 8 Variable overhead role variance 9 Variable overhead efficiency varia COVER PAGE Question 1 Question 2 Question 3 Question 4 Question 5 Ques Type here to search