You are the management accountant of T plc. The following computer printout shows details relating to April: Actual Budget Sales volume 4900 units 5000 units Selling price per unit 15.00 14.00 Production volume 5400 units 5000 units Direct materials kgs 10 600 10 000 price per kg 0.60 0.50 Direct labour hours per unit 0.55 0.50 rate per hour 11.40 12.00 Fixed overhead: Production 10 300 10 000 Administration 3 100 3 000 T plc uses a standard absorption costing system. There was no opening or closing work-m-progress. Requirements: (a) Prepare a statement which reconciles the budgeted prot with the actual prot for April, showing individual variances in as much detail as the above data permit (20 marks) (b) Explain brieyr the possible causes of (i) the material usage variance; (ii) the labour rate variance; and (iii) the sales volume prot variance. (6 marks) (c) Explain the meaning and relevance of interdependence of variances when reporting to managers. (4 marks) (Total 30 marks) CIMA Stage 2. Opersmml Cost Accounting Que: Inter Calc label and 1 warns reco budg actu