ALZO Toys Ltd. is an exciting new player in the toy manufacturing industry, founded with a passion for creating high-quality, engaging, and…

ALZO Toys Ltd. is an exciting new player in the toy manufacturing industry, founded with a passion for creating high-quality, engaging, and educational toys. The company aims to make a positive impact on the industry and also on the development of young minds through imaginative play. The following statement provides a comprehensive analysis of the various cost variances for a particular period, outlining the differences between the expected costs and the actual expenditures incurred. Cost variances (₹) Direct material price 25,000F Direct material usage 3,750A Direct labour rate 5,000A Direct labour efficiency 3,750A Variable overhead expenditure 15,000A Variable overhead efficiency 1,875A Fixed overhead expenditure 62,500F The budget for the same period reflected the following data: Production volume 7,500 units Direct materials purchased 3,750 kg Direct materials used 3,750 kg Direct material cost 1,12,500 Direct labour hours 5,625 hours Direct labour cost 1,12,500 Variable overhead cost 56,250 Fixed overhead cost 1,12,500 Some other information relating to the same period is provided below: (i) Stocks of raw materials and finished goods are valued at a predetermined standard cost for easier cost comparison and reporting. (ii) The actual number of units produced was 7,750. (iii) The direct materials purchased were 5,000 kg. From the information given above, you are required to FIGURE OUT the following in actual: