2 a. Black and White Berhad operates a standard costing system and analysis of variances is made every month. The monthly budgeted unit is 1,600 units and the standard production cost for a unit of product is as follows: RM 4.00 per kg Direct Material 11.50kg Direct Labour 4 hours RM 5.00 per hour Variable Overhead 4 hours RM 2.00 per hour Fixed Overhead 4 hours RM6.50 per hour Currently the standard selling price of H200 is RM120 per unit. However, in the last meeting it was discussed that the price needs to be revised. The following actual data was recorded for the last monthly accounting period. Units produced and sold Revenue Materials purchased Materials used Direct Labour 1,670 RM233,800 24,000 kg. costing RM 92,400 19,850kg 6,590 hours, costs RM 34,268 Actual variable overheads RM 12,920 Actual fixed overheads Required: RM 44,580 Calculate ALL variances and prepare and operating statement for the month ending 31 January 2022. (20 marks)