Question 4 At the beginning of the year, Sunshine Sdn. Bhd. had the following standard...
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Accounting
Question 4 At the beginning of the year, Sunshine Sdn. Bhd. had the following standard cost sheet for one of its best selling product, Sunflower: Direct materials (5 kg at RM7per kg) Direct labour (3 hours at RM12 per hour) Standard prime cost per unit RM 35 36 71 The actual results for the year are as follows: Units produced Materials purchased Material used Direct labour 80,000 units 425,000 kg at RM7.15 per kg 400,000 kg 240,000 hours at RM12.60 per hour Required: a) Compute the material price variance. Explain your answer. (5 marks) b) Compute the materials quantity variance. Explain you answer. (5 marks) c) Compute the labour rate variance. Explain your answer. (5 marks) d) Compute the labour efficiency variance. Explain your answer. (5 marks) (Total: 20 Marks)
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