the following details were extracted from the, Cost Accounting

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the following details were extracted from the

The following details were extracted from the standard cost card of a component:

Raw Materials
      2.82 Kgs @ Rs.4.80 Kg.

Direct Labour
   Type I   6.5 hrs @ Rs.3.75
   Type II 3.85 hrs @Rs. 4.25

During a period original results were as follows:
   Production 1,100 components.

Direct Material Purchase and usage
          3,200 Kgs at a cost of Rs.15,100

Wages Paid
Type I (7,120 hrs ) Rs.27,056
          Type II (4,235) Rs. 18,210

Requirement: You are needed to calculate what variances have arisen.

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Cost Accounting: the following details were extracted from the

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