QUESTION 43 AA Co uses standard costing for beer production. The following standards are for the barley used for beer production in 2014: AQ(SC-AC) SC(SQ-AQ) Standard barley cost per kilogram $1.00 Standard kilograms used per hectolitre (100 litres) finished good 50 kg During 2014, 82,000 hectolitres of beer was produced using 4,150,000 kilograms of barley. The actual cost for barley was $0.95. Calculate the following items regarding barley costs and usage for AA Co for 2014: a) efficiency variance (4 marks) b) cost variance (4 marks) For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). B I US Paragraph Arial 10pt v v A Z v EE X2 X2 & V V A X O Click Save and Submit to save and submit. Click Save All Answers to save all answers