PT Lunar Raya uses a standard cost system to assist the evaluation process. Calculation standard costeach unit: Standard quantity Standard cost Direct Raw Material 4.40 kilo IDR 85,000 per kilo Direct Labor 1.50 0a.... IDR 250,000 per hour For the year 20x1, the company budgets a total production of 10,000 units. During the year 20x1, the actual production quantity was 9,500 units; with information on usage and actual payments for direct materials and direct labor as follows: Quantity Price Direct Raw Material Purchase and use 46,200 kilo IDR 76,000 per kilo Payment for Direct Labor 11,900 ,,-.,.,,.., IDR 295,000 per hour The management of PT Lunar Raya uses the approachManagement by Exceptionand set the tolerance threshold is 10% of the budget. Reguested: a. Calculate the budget value and standard allowed for Direct Raw Materials and Direct Labor based on the data in the problem b. Calculate the total variance for direct materials and direct labor c. Based on the results of the calculations in part b above, in your opinion, does the management of PT Lunar Raya need to worry about the total variance of direct materials and direct labor? Explain (Hint: compare the variance value with the budget value) d. Calculate the price variance and quantity variance for direct materials and direct labor, as well as their comparison to the respective budget values e. Based on the results of the calculations in section d above, do you think, 1. Does the management of PT Lunar Raya need to worryr about the value of price and quantity variance for Direct Raw Materials and Direct Labor? Explain 2. How to interpret the value of price and quantity variance for Direct Materials and Direct Labor? And what is the possible cause of each variance f. Who is responsible for each variance that occurs for Direct Materials and Direct Labor? 9. Provide recommendations for PT Lunar Jaya based on the results of your analysis in section a above