QUESTION 2 The standard cost card for a product shows, Material cost 3 kg @ GHS2 each - GHS ? per unit Labour 3 hours a GHS15 each = GHS ? per unit The actual which has emerged from business operations are as follows. Production - 9,000 units, material consumed - 16,500 kg @ GHS3 each = GH39,600, Wages paid 18,000 hours @ GHS8 each = GHS 144,000 Required: a) Show in a tabular form the standard cord card of a unit product (4 marks) b) Show in a tabular form the standard cost card for production level 8,000 units (8 marks) c) Comparing the standard cost card of the 8,000units with it actual cost card and 1 Calculate a) Total labour Cost Variance b) Labour Efficiency Variance c) Total material Cost Variance d) Material Price Variance (2 marks) (2 marks) (2 marks) (2 marks) (Total 20 marks)