Im a factory the budgeted and actual figures of the cost of materials and direct labour incurred in the production during the month of January are as under: Budgeted 1,00,000 Actual Units of Finished...

Extracted text: Im a factory the budgeted and actual figures of the cost of materials and direct labour incurred in the production during the month of January are as under: Budgeted 1,00,000 Actual Units of Finished Goods Produced Materials : 90,000 Materials: Units 1,82,000 $0.52 $94640 2,00,000 Cost of Materials per unit Total Cost of Materials $0.5 $1,00,000 Direct Labour Hours |(2 units of finished goods in one hour) 47,000 50,000 $2.10 per hour $98,700 $2.00 per hour $1,00,000 Wages Total Direct Labour Cost You are required to calculate the material and labour variances