3. Sinar Maju Sdn. Bhd. is a manufacturing company that produces plastic ware product. This company operates a variances accounting system. Each unit of the product has the following standard requirements: Description Quantity Price RM per unit Direct material 20 kgs RM2 per kg 40 Direct labour 10 hours RM5 per hour 50 Variable overhead 10 hours RM3 per hour 30 Annual budgeted fixed overhead are RM864,000. Budgeted production of plastic ware product is 1,800 units. The following actual data was recorded at the end of the May 2020 Unit produced Material used Direct labour Variable overhead 1,500 units 29,800 kgs at RM1.80 14,900 hours at RM5.50 RM44,000 Fixed overhead RM69,600 Manufacturing overhead is charge on the basis of direct labour hours. Required: Compute the following variances for May 2020 and indicate whether each favourable (F) or unfavourable (UF): (a) Direct material price. (b) Direct material usage. (3 marks (3 mark (c) Direct labour rate. (3 marks (d) Direct labour efficiency. (3 marks (e) Variable overhead expenditure. (3 mark (f) Variable overhead efficiency. (3 marks (g) Fixed overhead efficiency. have calculated above. (3 marks (h) Briefly explain TWO (2) possible causes of the direct labour rate variance you (4 marks)