Q6. Meghna Ltd. applies Standard Costing and their records contain the following information: Particulars Standard Actual Material Cost (Tk.) 60,000 55,000 Labor Cost (Tk.) 40,000 43,000 Overhead Cost (Tk.) 50,000 57,000 Sales (Tk.) 2,20,000 2,50,000 Production (Units) 5,000 5,000 There were no work-in-progress and completed goods unsold. Required: a) Calculate Standard Cost and Actual Cost per unit. b) Prepare a Variance Analysis Report. c) If 500 units are produced at an actual cost of Tk.15,800 what would be the Cost Variance