The following standard costing data, per unit, are for Black Lid. for January: Direct materials 50 kilograms at $7.5 per kilogram Direct labour 7 hours at $31.5 per hour Variable overhead 7 hours at $10.5 per hour Fixed overhead $42 For January, Black's flexible budget volume of output was 1,080 units. Budgeted (planned) output was 1,110 units. Direct materials purchased and used were 51,850 kilograms at a total cost of $394,060. Direct labour used was 8,470 hours at $30.7 per hour. Variable overhead cost was $79,090. Actual fixed overhead cost was $48,520. Fixed overhead cost is applied using direct labour-hours. The normal volume is the same as the planned volume for January. Required: 1. Prepare the static and flexible budgets and show the variances by completing the table given below. (Round "Direct materials price" and "Direct labour rate" answers to 2 decimal places.) AR Direct materials price Direct materials quantity per DLH per DLH Direct labour rate Direct labour efficiency hours 11 per DLH Variable overhead spending (rate) Variable overhead efficiency Prey. 1 of 5 Next >