Follow Me Bhd is a shampoo manufacturing company using a standard absorption costing system for the shampoo which it produces in its plant. The following information for the last month has been extracted from the companys records:

Standard unit cost per bottle:

Direct materials 13 kg at RM6 per kg

Direct labour 5 hours at RM20 per hour

Variable production overhead 5 hours at RM15 per hour

Actual results for last month:

The actual quantity of material used in production 62,000 kg

Actual material cost incurred RM446,400

Actual output 5150 bottles

The actual labour hours worked 25,190 hours

The actual labour cost incurred RM516, 395

Actual variable overhead RM365,255

REQUIRED:

1. Calculate the following variances:

i. Material cost variance

ii. Material price variance

iii. Material usage variance

iv. Labour cost variance