2. Eastminster Company has the following information:

Direct Materials		Direct Labor
Standard Quantity	10,000	Standard Hours	2,000
Actual Quantity	12,000	Actual Hours	1,875
Standard Price	RM14	Standard Rate	RM10
Actual Price	RM12	Actual Rate	RM11

Required:

1. Determine the materials price variance, materials usage variance, labor rate variance and labor efficiency variance and justify whether it is favorable or unfavorable.

(10 Marks)

urgent plaese