(a(i))[2]
Calculate the material price variance for July.
(a(ii))[2]
Calculate the material usage variance for July.
(a(iii))[2]
Calculate the labour rate variance for July.
(a(iv))[2]
Calculate the labour efficiency variance for July.
(a(v))[2]
Calculate the fixed production overhead expenditure variance for July.
(a(vi))[2]
Calculate the sales price variance for July.
(a(vii))[2]
Calculate the sales volume variance for July.
(b)[5]
Prepare a statement reconciling the budgeted profit for 10 000 units with the actual profit for July.
(c)[6]
Assess the implications of this change in material cost using the actual material used in July. Support your response with suitable calculations.