2. Hijau Sdn. Bhd. has the following standard cost for its product, Hott: Direct material 5 kg X RM28 per kg Direct labour 6.5 hours X RM33 per hour Additional information for the month of January 2020 is as follows: Units made 1,300 units Direct material bought 2,450 kg for RM63,700 Direct material used 7,100 kg 319 Direct labour 6,300 hours (direct labour cost of RM195,300) (a) Provide formula and calculate the following variances. Determine whether each variance is Favourable (F) or Unfavourable (U): i. direct material price variance (3) ii. direct material quantity variance (3) iii. direct labour rate variance (3) iv. direct labour efficiency variance (3) (12) (b) Discuss the reasons for favourable direct labour efficiency variance to occur. (4) (c) Explain the usefulness of variance analysis to the management of Hijau Sdn. Bhd. (4) (Total / Jumlah: 20 )