Variance Analysis.

Thank you very much for your assistance.

the following question has been asked in the ask the tutor Forum I thought it would be a good idea if I had a go at it and see weather the my arithmetic is correct..

Dear tutor I have a problem with this question below:

Direct material:2 meters of wool @ $ 625 per meter 1,250
Direct labor 4 hours @ $ 820 per hour 3,280
Cost per unit 4,530

Budgeted selling price of each Ted bear is $ 6,250
200 Ted bears are expected to be produced and sold every month at $ 6,550 per Ted bear. Actual results for the month of April 2016 were as follows:

Ted bears produced& sold (units) 180
Material purchases (meters) 400
Total cost of purchases($) 280,000
Direct labor ($) 540,000
Fixed costs($) 320,000

Required:
1) Actual profit for the month of April 2016
2) Material price variance
3) Material usage variance
4) Sales price variance
5) Sales volume
6) Labor rate variance

I know all the formulae but my problem is getting the actuals in the second table.

Solution.

Material expenditure Variance.
Actual purchases at actual cost 400m equals 280000
Actual purchases at STD cost 400*625 250000

Equals 30000 A
Material usage varience.

Actual usage in M 400M
STD usage for the actual M
2M*180 360

EQUALS 40M*625 Equals 25000 A

Sales price Variance.

Actual sales at actual selling price. 180*6550 equals 1179000
Actual sales at STD selling price 180*6250 equals 1125000

equals 54000 F
Sales Volume Variance.

Budget sales minus actual sales * the actual selling price.

200-180 * 6550 equals 131000A

Rate of Pay variance.

Actual labour cost 540000
the std hours for the actual production 4*180*820 equals 590400

Equals 50400 F

Actual profit Made.

Actual sales at actual selling price 180*6550 equals 1179000.
Budget sales at STD selling price 200*6250 1250000

Equals 71000 A.

Can you please give me a feedback for this calculations for the above question. Many thanks I appreciate for your help.