Melia Pte Ltd is a manufacturing company producing a beauty product known as "Sweet". The standard cost per unit for the product is as follow :

RM

Direct material ( 6 kilos at RM1.50 per kilo ) 9

Direct labor ( 5 hours at RM2.00 per hour ) 10

The actual results achieved during January 2018 were as follows :

RM

Sales ( 12,000 units) 600,000

Direct Material ( 69,000 kilos ) 117,300

Direct Labor ( 61,000 hours ) 128,100

The budgeted unit to be produced and sold in January 2018 is 10,000 units.

Required :

a) Calculate the following variances :

1- Direct material usage

2- Direct material price

3- Direct labor rate

4- Direct labor efficiency

(16 marks)

b) List two (2) causes for material price variance calculated in (a).

(4 marks)

c) Explain two (2) perspectives that balanced scorecard employed to evaluate company's performance.

(5 marks)