Reference no: EM132101365

Question - Fraser Company has developed the following standard costs based on a Denominator Level of 12,000 units:

Standard Costs:

Direct Materials (25 kgs @ $.75/kg) = $ 18.75

Direct Labour (6.5 Hrs @ $6.50 Per Hr) = 42.75

Variable Overhead ($1.50 Per DLhr.) = 9.75

Fixed Overhead ($2.50 Per DLhr.) = 16.25

Total Standard Cost Per Unit $ 87.00

Actual Results For The Month Were:

Purchased 300,000 kilos of materials at $ .82 per kg. And issued 281,100 kg. to production

Labor costs were $ 475,107 for 74,820 hours

Actual overhead totaled $ 110,300 for variable and $ 197,000 for fixed

Produced 11,500 units

Required: Calculate the appropriate Variances for DM and DL?