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Calculate the material and labour variance for September 2023 using marginAl costing methodt...

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Accounting

Calculate the material and labour variance for September 2023 using marginAl costing methodt hereCountry Equipments Ltd makes golf clubs.The standard cost of making a golf club is:Materials (0.3kg @ $30/kg) $9Labour (hours @ $12/hour) $24Variable costs (2.5hours @ $4/hour) $10Fixed costs (hours @$10/hour) $20$63-945000105,0000sales revenue - total cost - revenue 105000- $7 a golf clubCountry Equipments' budgets to sell the golf clubs at $70 per club.Budgeted monthly production and sales is 15,000 golf clubs.For September 2023 the following applies:Production volume 18,000 golf clubsSales volume 18,000 golf clubsMaterial cost $165,000(5,600kg used)Labour cost $405,000(33,000hours worked)Variable costs $135,000Fixed costs $260,000Sales revenue $1,245,000

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