South Africa standard costing variances


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Plse i need help on the question below.

The standard and Budgeted costs are as follows for Banjo Suppliers who manufacture a single product.

Standard direct material per unit - 25 metres @ R 165 per metre (R4125)
standard direct labour per unit - 18 hours @ R55 per hour (R990)
standard variable maunfacturing overheads per unit - 12 machine hours @ R22 per machine hours (R264)
Budgeted fixed hours - (R250 000)
Budgeted machine hours - (24 Hours)

The operating results for January 2011 were as follows:

Material purchased - 50 000 metres @ R168.30 per metres
Material issued - 48 500 metres
Direct labour - 38 880 hours @ R56.65
Variable overheads - R544.33
Fixed overheads - R255 000
Actual production - 1900 units
Actual machine hours - 24 hours


Required:calculate the VARIABLE OVERHEAD EXPENDITURE VARIANCE & VARIABLE OVERHEAD EFFICIENCY VARIANCE
 
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