VARIANCES ANALYSIS PRACTICE QUESTIONS Question 1 Standard Cost for Product RBT Materials (10kg x 8 per kg) 80 Labour (5hrs x 6 per hr) - 30 Variable O/Hds (5hrs x 8 per hr) 40 Fixed O/Hds (5hrs x 9 per hr) 45 195 Budgeted Results Production Sales Selling Price Actual Results Production Sales Materials Labour Variable O/Hds Fixed O/Hds Selling Price Calculate 10000 units 7500 units 300 per unit 8000 units. 6000 units 85000 kg Cost 700000 36000 hrs Cost 330900 400000 500000 260 per unit a. Material total variance b. Material price variance Material usage variance C. d. Labour total variance e. Labour rate variance f. Labour efficiency variance g. Variable overhead total variance and all sub- variances h. Fixed Production overhead total Variance and all sub-variances i. Selling price variance j. Sales volume variance