PT DUBIDAM produces two types of snack products; Taro Chips and Taro Chips. Both products are made in the same way but with different packaging and brands. The following are financial data that occurred at PT DUBIDAM related to the production and sales of Taro Chips and Taro Chips during 20x1: Product Taro Chips Talas Chips Budget 20x1 (in $) Price B. Amount Sell/unit Variab/unit sold 10 5.5 500,000 unit 7.5 4 750,000 unit Realization 20xi (in ($) Selling B. Amount price/unit Variab/unit sold 10.1 5.75 504,300 unit 7.75 3.70 725,700 unit 12000 2,640,000 Actual Realization Number of units produced Raw materials used in production (grams) Raw material cost ($) Number of direct labor hours (hr) Direct labor cost ($) Variable OH Cost ($) Fixed OH costs ($) 72,500 1300 15,360 65,205 72,200 0.029 200 Standard Cost & Quantity Raw material cost ($/g) Raw materials used in production (grams) Direct labor cost/hours worked ($/g) Number of units produced/hours worked Biaya OH Variabel ($) Biaya OH tetap ($) 13 10 64,400 70,400 PT DUBIDAM sells both products in the West Java area. For 20x1 budget reporting, PT DUBIDAM assumes it has 12.5% market share based on all sales in the West Java region. Total sales of noodles in all areas of West Java for the 20x1 period itself is predicted to be worth 10,000,000 units. However, the realization of sales in Java during 20xi turned out to be 12,300,000 units. The following is information regarding the variance that occurred in PT DUBIDAM during the 20x1 period: Sales Variance (in $): Sales volume variance Sales mix variance Sales quantity variance Market share variance Market share variance Mie Asyik 19,350 F 55,350 F 36,000 U 1,199,250 U 1,121,250 F Mie Kenyang 85,050 U 43,050 U 42,000 U Cost Variance (in $): Direct material price variance Direct material usage variance Direct labor rate variance Direct labor efficiency variance Variable overhead spending variance Variable overhead efficiency variance Fixed overhead spending variance Fixed overhead volume variance 4,060 F 6,960 F 1,540 F 1,300 U 2,415 F 2,220 U 1,800 U 3,200 F The accounting department of PT DUBIDAM made a variance analysis report aimed at the leadership of PT DUBIDAM with a note that the company's condition this year was not good or financial performance was deteriorating. As one of the leading expert staff, you are asked to analyze all variance conditions at PT DUBIDAM. Give an explanation of the causes of the variance and how it affects the company's finances. Do you agree with the statement of PT DUBIDAM's accounting department? Explain (15%) PT DUBIDAM produces two types of snack products; Taro Chips and Taro Chips. Both products are made in the same way but with different packaging and brands. The following are financial data that occurred at PT DUBIDAM related to the production and sales of Taro Chips and Taro Chips during 20x1: Product Taro Chips Talas Chips Budget 20x1 (in $) Price B. Amount Sell/unit Variab/unit sold 10 5.5 500,000 unit 7.5 4 750,000 unit Realization 20xi (in ($) Selling B. Amount price/unit Variab/unit sold 10.1 5.75 504,300 unit 7.75 3.70 725,700 unit 12000 2,640,000 Actual Realization Number of units produced Raw materials used in production (grams) Raw material cost ($) Number of direct labor hours (hr) Direct labor cost ($) Variable OH Cost ($) Fixed OH costs ($) 72,500 1300 15,360 65,205 72,200 0.029 200 Standard Cost & Quantity Raw material cost ($/g) Raw materials used in production (grams) Direct labor cost/hours worked ($/g) Number of units produced/hours worked Biaya OH Variabel ($) Biaya OH tetap ($) 13 10 64,400 70,400 PT DUBIDAM sells both products in the West Java area. For 20x1 budget reporting, PT DUBIDAM assumes it has 12.5% market share based on all sales in the West Java region. Total sales of noodles in all areas of West Java for the 20x1 period itself is predicted to be worth 10,000,000 units. However, the realization of sales in Java during 20xi turned out to be 12,300,000 units. The following is information regarding the variance that occurred in PT DUBIDAM during the 20x1 period: Sales Variance (in $): Sales volume variance Sales mix variance Sales quantity variance Market share variance Market share variance Mie Asyik 19,350 F 55,350 F 36,000 U 1,199,250 U 1,121,250 F Mie Kenyang 85,050 U 43,050 U 42,000 U Cost Variance (in $): Direct material price variance Direct material usage variance Direct labor rate variance Direct labor efficiency variance Variable overhead spending variance Variable overhead efficiency variance Fixed overhead spending variance Fixed overhead volume variance 4,060 F 6,960 F 1,540 F 1,300 U 2,415 F 2,220 U 1,800 U 3,200 F The accounting department of PT DUBIDAM made a variance analysis report aimed at the leadership of PT DUBIDAM with a note that the company's condition this year was not good or financial performance was deteriorating. As one of the leading expert staff, you are asked to analyze all variance conditions at PT DUBIDAM. Give an explanation of the causes of the variance and how it affects the company's finances. Do you agree with the statement of PT DUBIDAM's accounting department? Explain (15%)