Decision and control: assessment 1 task 1.2

Rose20

Hey can someone please help me with this question and tell me how they got these answers? I’ve attached a picture

DDOROURKE123

Material

Total Material Direct Cost Variance
Actual Production (units)
Should cost
did cost
variance (£)

Material Price Variance
Actual purchases (kg)
Should cost
Did cost
variance (£)

Material Usage Variance
Actual production (units)
Should Use
Did Use
Variance (kg)
Standard cost per kg
Variance (£)

Labour

Total Direct Labour Cost Variance
Actual production (units)
Should cost
Did cost
Variance (£)

Labour efficiency Variance
Actual production (units)
Should use
Did use
Variance (hrs)
Standard cost per hour
Variance (£)

Labour Idle Variance
Actual hours paid
Actual hours worked
Variance (hrs)
Standard cost per hour
Variance (£)

Labour Rate Variance
Actual hours paid
Should cost
Did cost
Variance (£)

DDOROURKE123

Hey do you have the "formulas" for the usage variance etc?

Rose20

@DDOROURKE123 thank you!!! ☺️

DDOROURKE123

@Rose20 Did you manage to do the question?