QUESTION #4 BUDGETS AND VARIANCES Amherst Corporation produced 300.000 units of Product #134 in June. Standards and Actual results for Product #134 for June are as follows: Standards Actual Results 2.5lbs of Direct Material 780,000lbs of direct materials were used in total. S6 per lb of direct $5.80 per lb of direct materials materials REQUIRED: Calculate the following variances: Question # 4-A Question # 4-B Question # 4-C DM Price Variance DM Quantity Variance DM Flexible Budget Variance Ensure that you label all variances as Favourable or unfavourable Space has been provided on the following page to calculate the varie calculate the variances. Actuals Actual Volume Flexible Budget Actual Volume Actual Volume Actual Input (AQ) Actual Inputs (AQ) Standard Input Actual Price Standard Price Standard Price Price VARIANCE Quantity VARIANCE Flexible Budget Variance