Splish Company budgeted the following cost standards for the current year: (a) Direct materials (2 kg of plastic at $6.00 per kilogram) $12.00 Direct labour (2 hours at $ 12 per hour) 24.00 Your answer is correct. Variable manufacturing overhead 10.05 Calculate the materials price variance for materials purchased. (Round per unit calculations to 2 decim and final answers to 0 decimal places, e.g. 125.) Fixed manufacturing overhead 6.30 Materials price variance $ 1316 i Favourable Total standard cost per unit $52.35 (b Your answer is correct. Actual costs for producing 2,730 units were as follows: Calculate the materials quantity variance. Direct materials used 5,980 kg Materials quantity variance 3120 Unfavourable Direct materials purchased (6,580 kg) $38,164 (c) Direct labour (6,930 hours) $67,914 Variable manufacturing costs $33,000 V Your answer is correct. Fixed manufacturing costs $17,900 Calculate the labour price variance. (Round per unit calculations to 2 decimal places, e.g. 1.25 and decimal places, e.g. 125.) Labour price variance $ 15246 i Favourable (d) Calculate the labour quantity variance. Labour quantity variance $ eTextbook and Media Save for Later Attempts: 0 of 2 used Submit