TASK 2: Practical example Strong Legs Ltd malces running weights. This standard product is budgeted to sell at per unit and comprises. the following standard costs: Standard costs per unit Direct materials 2.?5kg @ 6 per kg Direct labour 15 minutes @ 15 per hour Variable overheads 2 per unit E! The output for March was budgeted at 4,200 units and monthly xed overheads were budgeted at 4000. The actual results for March were: Saies revenue [5200 units) maten'als {16,900 kg) labour [1950 hours) Variable overheads Fixed overheads No inventories existed at the start or end of March. REQUIRE D: 2a) Prepare a table showing the budgeted. exed and actual results. along with the total variances. {10 marks) 2b) Reconcile the budgeted profit for March with the actual prot for March in as much detail as possible. {14 marks) 2cm in detail the MATERIALS variances that you have calculated. {6 marks) 2d) Discuss in deIawaetbac ail variances should be investigated? (10 marks)