HOHOHO Inc. has provided you with the following information:

Budgeted sales	1500 units
Budgeted selling price	$120
Standard cost of direct materials per unit	2 meters X $30 per meters = $60
Standard quantity of direct labour per unit	1 hour x $ 25 per hour = $25
Standard fixed costs ( total)	$10,000

Actual sales	1450 units
Actual selling price	$120
Actual cost of direct materials per unit	1.8 meters X $25 per meters = $45
Actual cost of direct labour per unit	1.25 hours x $20 per hour = $25
Actual fixed costs ( total)	$10,000

Required:

a) Using the table provided for you, prepare a performance report including a

Static budget

Actual results

Flexible budget

Volume variance

Flexible budget variance

b) Compute the direct materials price and quantity variances

c) Compute the direct labour rate and efficiency variances

a) PERFORMANCE REPORT

	Static ( Master)	Actual	Flexible Budget	Volume Variance	Flexible Budget Variance
Sales
Variable costs
Direct materials
Direct labour
Total variable costs
Contribution margin
Fixed costs
Net income

b) Direct materials price and quantity variances

AQ x APAQ X SPSQ X SP

c) Direct labour rate and efficiency variances

AQ x ARAQ X SRSQ X SR

please help me solve this