QUESTION 24 Black and White Berhad operates a standard costing system and analysis of variances is made every month. The monthly budgeted unit is 1,600 units and the standard production cost for a unit of product is as follows: Direct Material Direct Labour 11.50kg 4 hours RM 4.00 per kg RM 5.00 per hour Variable Overhead 4 hours Fixed Overhead RM 2.00 per hour RM6.50 per hour 4 hours A A Currently the standard selling price of H200 is RM120 per unit. However, in the last meeting it was discussed that the price needs to be revised.