Enak Bakery Enterprise produces cakes and also the main distributors for cheese cake in Klang Valley. The production of the cheese cake is 120,000 units per year. Following are the information on cost per unit of cheese cake. RM 1.50 1.00 Direct material (1kg @ RM1.50 per kg) Direct labour (4 minutes @ RMO.25 per minute) Variable overhead (2 minutes@ RM0.20 per minute)0.40 Fixed overhead (2 minutes@ RMO.08 per minute)0.36 Total standard costs per unit 3.26 The factory overhead is charged to product based on direct labour hour. The actual data of cheese cake is as follows: Direct materials Direct labour Overhead 1.1 kgs @ RM1.40 per kg RM110,000 for 420,000 minutes RM80,000 Required: Determine each of the following variances and explain the possible reasons that have caused these variances. a) Direct material price variance b) Direct material quantity variance c) Direct labour rate variance d) Direct labour efficiency variance e) Overhead expenditure variance (25 marks)