Fame Company uses variable costing and manufactures a single product in one of its relating to the month just ended is as follows: (1) Budgeted sales were 215

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Fame Company uses variable costing and manufactures a single product in one of its relating to the month just ended is as follows: (1) Budgeted sales were 215.000 units at the standard sales price of 420 E /100 units. (2) Actual sales price was 422 E / 100 units. (3) Standard cost/100 units: E Raw materials: 15 kilos at 7 6 per kilo 105 Direct labor: 10 direct labor hours at 11 6 per hour 110 Variable production overhead: 10 direct labor hours at 5 6 per hour 50 265 (4) 225.000 units of the product were completed and transferred to finished goods sto (5) 34.800 kilos of raw material were purchased in the month at a cost of 250.560 E. (6) Direct wages were 256.480 E representing 22.900 hours' work. (7) Variable production overheads of 113.000 E were incurred. 8) Stocks at the beginning and end of the month were: Opening stock Closing stock Raw materials 16.200 kilos (113.400 () 16.800 kilos Work in progress 0 5.000 units?) Finished goods 278.000 units (736.700 () 286.000 units "100% complete as to raw materials but only 40% complete as to direct labor and ov Production cost variances are written off to cost of goods sold. Raw materials, work in goods stock are maintained at standard cost. F11: Determine the selling price variance (E). F12: Determine the variable production overhead efficiency variance (E).