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The standard costs per unit of product (standard cost card) for a recent period is glven below for one of the pans: Aditional Information: 1.

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The standard costs per unit of product (standard cost card) for a recent period is glven below for one of the pans: Aditional Information: 1. Number of pans/units company produced in this period 2. Quantity (kgs) of materials purchased \& used in production \begin{tabular}{|c|} \hline 6100 \\ \hline 33,600 \\ \hline \end{tabular} Adlitional informedlon: 1. Number of pans/units company produced in this period 2. Quantity (kgs) of materials purchased & used in production 3. There was no opening imventory of materials for this period. Required: Note: All warianoes are to be aalculated on a Totals-besis (not per ellt) a) Calculate the Materials Price Variance: (1.5 marks) Materials Price Variance b) Calculate the Materials Quantity Variance: (1.5 marks) Materials Quantity Variance c). Calculate the Labour Rate Variance: (1.5 marks) Labour Rate Variance d). Calculate the Labour Efficiency Variance: (1.5 marks) Labour Efficiency Variance e) Calculate the Variable Overhead Spending Variance. (2 marks) Variable Overhead Spending Variance f). Variable Overhead Efficiency Variance: (2 marks) f). Variable Overhead Efficiency Variance: (2 marks) Variable Overhead Efficiency Variance

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