5.Please Solve This As soon As Possible.

5. Protic Company employs a standard cost system in which direct materials inventory is carried at standard cost. The company has established the following standards for the prime costs of one unit of product: Standard Standard Price Standard Quantity Cost Direct materials 12.0 pounds $14.00/pound 168.00 During April, the total factory wages for April were $3,200,000, among those 90% were direct labor cost. The company manufactured 25,000 units of product during April using 64,000 direct labor hours. Required: a) What is the direct labor rate and efficiency variance for April? (4 marks) 6. Discuss the advantages of standard cost. Define different level of activities with example in ABC costing. (10 MARKS)