Watch An X WhatsAp| X Dashboar X New chat x Kraff - IM X EVL_020 - X C PERFORM X PDE 45610595 X Course H X G Google X DDE 2018 PM/ X + X C File | C:/Users/jlcur/OneDrive/Documents/Performance%20Managament%20for%20Accountants/2018%20PMA%203.PDF . . . I V Draw 2 | | Read aloud + 7 of 8| 2 | ED QUESTION FOUR - PLANNING AND OPERATIONAL VARIANCES 25 marks Green Apron Ltd is a food manufacturer that specialized in packaging wholesome foods for its customers. It operates strategically in the parish of Manchester in order to have easy access to its many suppliers of fresh vegetables, starches and meats. The company operates a standard costing system and uses this to manage its manufacturing costs. The standard costs for the previous half year is as follows: Per unit Vegetables $125 Vegetables usage 0.5 k Meats $460 Meats usage 2 kg Starches $150 Starches usage 3 kg Direct labour 0.5 hours Direct labour hours $200 Each meal feeds a family of four. The parish just recently experienced a significant amount of rainfall and this had varying impact on the input prices. There was a massive turnover of labour due a change in government policy on overseas work programs that was unexpected and the human resource division had to revise pay rates to slow down the attrition of staff. There were two new meat suppliers that started production 3 month ago. This created a glut on the market that reduced the cost of that input. At the end of the 6 month period the prices were as follows: Vegetables $275 per kg Meats $120 per kg Starches $45 per kg Direct labour rate $500 per hour There were no changes in material usage nor were there any changes in the labour hours worked. The actual results for the half year were: Vegetables 0.48 kg @ $260 per kg Meats 2.3 kg @ $1 15 per kg Starches 3.5 kg @ $52 Direct labour rate 0.46 hours @ $450 per hour Actual quantity of 25,000 meals meals sold during the period You are the management accountant for Green Apron Lid and the Finance Director has asked you to conduct a variance analysis and present this at the upcoming Board Meeting. Required: (a) Compute the relevant planning and operational variance for each input. (15 marks) 79OF Partly cloudy Q Search W 1:33 AM b) 4/17/2023