Candy Chemical Berhad is a manufacturer of a chemical solution for industrial purposes. The product is called Oxychemical. The following information relates to the operation of Candy Chemical Berhad: Budgeted production and sales units are 120,000 can of Oxychemical per annum. (ii) A standard can of an Oxychemical consists of the following costs: Direct material Direct labour Variable overhead Fixed overhead 12 litres at RM15 per litre 4 hours at RM12 per hour 4 hours at RM16 per hour RM10 per hour (iii) All overheads are absorbed based on direct labour hours. (iv) The standard selling price per can for Oxychemical is RM450. (b) Direct material usage. (3 marks) (c) Direct labour rate. (3 marks) (d) Direct labour efficiency. (3 marks) (e) Variable overhead expenditure. (3 marks) (f) Fixed overhead efficiency. (3 marks) (g) Fixed overhead expenditure. (3 marks) (h) Briefly explain ONE (1) possible cause for favourable in direct labour rate and efficiency variances. (4 marks) Candy Chemical Berhad is a manufacturer of a chemical solution for industrial purposes. The product is called Oxychemical. The following information relates to the operation of Candy Chemical Berhad: Budgeted production and sales units are 120,000 can of Oxychemical per annum. (ii) A standard can of an Oxychemical consists of the following costs: Direct material Direct labour Variable overhead Fixed overhead 12 litres at RM15 per litre 4 hours at RM12 per hour 4 hours at RM16 per hour RM10 per hour (iii) All overheads are absorbed based on direct labour hours. (iv) The standard selling price per can for Oxychemical is RM450. (b) Direct material usage. (3 marks) (c) Direct labour rate. (3 marks) (d) Direct labour efficiency. (3 marks) (e) Variable overhead expenditure. (3 marks) (f) Fixed overhead efficiency. (3 marks) (g) Fixed overhead expenditure. (3 marks) (h) Briefly explain ONE (1) possible cause for favourable in direct labour rate and efficiency variances. (4 marks)