(a)[15]
Complete the statement below to show how the flexible budgeted profit is reconciled with the actual profit for April 2023.
(b)[2]
Explain one possible cause of the materials price variance.
(c)[2]
Explain one possible cause of the labour efficiency variance.
(d)[6]
Advise the directors whether they ought to substitute the material currently used in production with a recyclable material. The recyclable material would cost $24 per kg. Support your decision with relevant calculations and reasons.