Question3 (12 marks) The following information comprises ABC Corps budgeted and actual results Fixed and variable overhead are allocated based on Direct labor hours BUDGET Sella DM $250 3.5lbs $11b DL VOHS /DL he Volume 7500 units ACTUALS 1.851,500 1,000,000 7300 Actual Units 45000hrs at $25.00 30000 ibs at $10.00 27000lbs 1.125,000 300,000 DM purchased DM used OVERHEADS Total located overhead is OH efficiency variabels -18,000 -8,400 Revenue - Volume variance -Price Variance Direct Materials Volume variance -Price variance purchased -Price variance used Efficiency variance Direct Labor -Price variance -Efficiency variance Total allocated overhead OH price variance Question3 (12 marks) The following information comprises ABC Corps budgeted and actual results Fixed and variable overhead are allocated based on Direct labor hours BUDGET Sella DM $250 3.5lbs $11b DL VOHS /DL he Volume 7500 units ACTUALS 1.851,500 1,000,000 7300 Actual Units 45000hrs at $25.00 30000 ibs at $10.00 27000lbs 1.125,000 300,000 DM purchased DM used OVERHEADS Total located overhead is OH efficiency variabels -18,000 -8,400 Revenue - Volume variance -Price Variance Direct Materials Volume variance -Price variance purchased -Price variance used Efficiency variance Direct Labor -Price variance -Efficiency variance Total allocated overhead OH price variance