Refer to the exhibit.

The following standard cost information relates to the production department of Brace Engineering Ltd.
The actual data for the month of March was as follows:

What is the direct labour rate variance (to the nearest whole number)?

Refer to the exhibit.

Budgeted data for the manufacture of Product X is given below:
Each unit of Product X requires 6 labor hours. It is expected that idle time will account for 5% of labor hours.
Products are quality checked and normal rejection rate is 10% of completed units.
The budgeted direct labor hours required for Product X is:

In investment appraisal, the calculation of the payback period

The selling price of product 'P' is £20 per unit. Variable costs are £6 per unit and total fixed costs are £140,000 each year.
To earn a profit of £70,000 each year, the annual sales will need to be, to the nearest 1,000 units?

A company operates an absorption costing system. Overheads are absorbed using a pre-determined absorption rate using labour hours. In the period actual labour hours were 10,600, 400 hours below budget. Actual overheads for the period were £234,680 and there was an under-absorption of overheads of £1,480.
What was the budgeted level of overheads?