The following information is for questions 30 to 35:

Budget Actual

Units produced 6,000 5,000

Material (in kg) 6,000 5,300

Material costs ($) 192,000 See below

Direct Labour Costs (in $) 180,000 176,400

Direct Labour (in hours) 9,000 8,400

Variable Overhead (in $) 90,000 100,000

Fixed Overhead (in $) 144,000 135,000

Additional Information: Materials Purchased: 5,300 kg for $174,900

Material Inventory: Beginning = zero, Ending = 100kg

30. Material Price Variance is closest to:

A. 2,200 U

B. 5,300 U

C. 5,300 F

D. 8,500 U

E. 8,500 F

31. Material Quantity Variance is closest to:

A. 6,400 U

B. 6,400 F

C. 9,600 U

D. 9,600 F

E. 12,400 U

32. Labour Rate variance is closest to:

A. 6,200 U

B. 6,200 F

C. 8,400 U

D. 8,400 F

E. 18,000 U

33. Labour Efficiency variance is closest to:

A. 10,000 U

B. 12,000 U

C. 14,000 U

D. 16,000 U

E. 18,000 U

34. Fixed overhead rate variance is closest to:

A. 9,000 F

B. 15,000 U

C. 15,000 F

D. 24,000 U

E. 24,000 F

35. Fixed Overhead production volume variance is closest to:

A. 9,000 F

B. 15,000 U

C. 15,000 F

D. 24,000 U

E. 24,000 F