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Please use the following information to answer the following multi-step question:

The budgeted monthly production of XYZ Ltd. is 5,000 units. The standard direct labor requirement is 1 hour for producing 1 unit of the product at the budgeted $12 per hour wage rate. XYZ Ltd. manufactured 4,600 units which required 4,900 labor hours. The total labor cost was $53,900.

What is the Volume Variance for XYZ Ltd. A. 1,200F B. 1,200U C. 4,800F D. 4,800U

What is the Flexible Budget for XYZ Ltd. A. 1,200F B. 60,000 C. 53,900 D. 55,200

What is the Flexible Budget Variance for XYZ Ltd. A. 1,300F B. 1,300U C. 6,100F D. 6,100U

The Rate Variance for XYZ. Ltd. is A. 4,900F 4 B. Favorable C. 1F D. Not enough information

The Efficiency Variance for XYZ. Ltd. is A. 1,200F B. Unfavorable C. 0.2F D. Not enough information

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