The following data is for the first week of operations in March 2021: Production: Actual Produced = 478 cabinets Budget Produced = 500 cabinets Materials: Actual Purchased = 21,500 screws @ $0.03 per screw Actual usage = 19,350 screws Standard usage = 20,020 screws @ $0.04 per screws Actual Purchased wood = 20,000 m3 @ $25.00 per Actual usage wood = 19,000 m3 Standard usage wood = 17,500 m3 @$22.50 Direct Labor: Actual hours = 310 hours @ $12.10 per Standard hours = 340 hours @ $12.00 per hour

Required Part 1 (A) Calculate the actual total cost for the week (B) Calculate the actual total cost per cabinet (C) Calculate the actual material cost per cabinet (D) Calculate the actual labour cost per cabinet (E) Calculate the total budgeted costs for the week (F) Calculate the budgeted total cost per cabinet (G) Calculate the budgeted material cost per cabinet (H) Calculate the budgeted labour cost per cabinet

Part 2 (I) Is the actual cost per cabinet favourable or unfavourable when compared to the budget? (J) Which input has the greatest variance?