A company adopts standard cost practices for it's direct labour cost and factory overhead cost. The activities level and cost per direct labour hour…

A company adopts standard cost practices for it's direct labour cost and factory overhead cost. The activities level and cost per direct labour hour are summarized below:Activities level in DLH 20,000 40,000Direct labour cost (Rs) (Rs) (Rs)2 Skilled labour @ Rs.2.0 per hour 80,000 160,0003 Semi-skilled labour @ Rs.1.0 per hour 60,000 120,0004 Unskilled labour @ Rs. 0.5 per hour 40,000 80,000Total labour cost 180,000 360,000Factory overheads : (Rs.) (Rs.)Indirect materials 60,000 80,000Supervision cost 40,000 60,000Repairs and maintenance 60,000 100,000Rent and taxes 20,000 20,000Depreciation 40,000 40,000Normal capacity 35,000 DLHHours worked and paid 32,000 DLHHours produced 28,000 DLHActual overhead incurred Rs. 300,000Actual Wages paid :2 Skilled labour @ Rs. 2 per hour ……… Rs. 128,0002 Semi-skilled labour @ Rs. 1.5 per hour ……… Rs. 96,0005 Unskilled labour @ Rs. 0.90 per hour ……… Rs. 144,000Rs. 368,000Required :• Direct labour cost and factory overhead budget for 30,000 DLH• Analysis of variance showing direct labour efficiency, mix, rate and cost• Three overhead variances [5+5+5=15]