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Part 2 alanna ltd is a medium sized company that

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PART 2Alanna Ltd. is a medium sized company that produces one product and uses a standardcosting system. The budgeted information for the month of June 2020 is provided below:The following efficiency variances are already calculated:Material A usage: Gains 16kgsMaterial B usage: Loses 2kgsLabour A: Gain – 16 hoursLabour B: Loses 3 hours(Variable and fixed overheads volume indicators are not currently available.)Questions: (Answers for Question 1c & Question 2 do not need to include anintroduction and a conclusion)1.Construct a statement showing all the relevant variances from the data for June 2020.
Identify possible reasons for the variances together with suggestions as to whereresponsibility for specific variances might lie within the organisation. Clearly identify thosefigures which need to be acted upon.

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