Reference no: EM132654695

Canadian tire company has the following standards for basket ball standard:

material (leather) per basketball .25 yard

material price per yard $16.00

direct labour hours per basket ball.2

wage rate per direct labour $18

variable support cost rate $15 per direct labour hour.

Actual results for the month

Amount of yards of raw material used$13000 yards used

purchasing cost of raw materials $205150

amount of direct labour hours used $8240 direct labour hours

wage rate per direct labour hour $17.50

variable support costs $131840

number of basketballs manufactured 40000

Problem 1: Calculate the following

a) total direct material cost variance

b) total direct labour cost variance

c) total variable support cost variance

d) direct material price variance

e) direct material quantity variance

f) direct labour rate variance

g) direct labour efficiency variance

h) variable support rate variance

i) variable support efficiency variance