(a(i))[3]
Calculate for the month of March the quantity of direct materials used (in kilos).
(a(ii))[3]
Calculate for the month of March the amount paid per kilo for the direct materials.
(a(iii))[2]
Calculate for the month of March the labour rate variance.
(a(iv))[2]
Calculate for the month of March the labour efficiency variance.
(a(v))[5]
Calculate for the month of March the actual profit.
(b)[6]
Prepare a statement that reconciles the profit of $\$476\,000$ from the flexed budget with the actual profit.
(c)[2]
Name two additional variances the directors could compute if they wanted further analysis of the change in the fixed overheads.
(d(i))[1]
Suggest one reason for the company's materials price variance.
(d(ii))[1]
Suggest one reason for the company's materials usage variance.