The following standard cost card for Jay Ltd which shows the following inputs for the

manufacture of $30$ kilograms of the product:

Last month's production yielded a total of $4,200$ kilograms of output and the following raw

material inputs were used:

REQUIRED:

Prepare a detailed report to the management of Jay Ltd clearly explaining the significance of

the relevant variances. Your answer should be justified with appropriate calculations $(20$

marks$)$