(Question 3) Gosalin Sdn. Bhd. manufactures and sells a product called Jelly for local market. The company is currently using standard costing system. To manufacture Jelly, the company needs 3 kilograms of material at a standard price of RM4 per kilogram. From the data recorded at the end of July 2021, the actual material cost purchased was RM360,000 at RM4.50 per kilogram. Each unit of Jelly is expected to be completed in 2 hours of direct labour time and to be paid at a wage rate of RM4 per hour. At the end of July 2021, the actual wages rate paid for the period was RM3.50 per hour and the actual hour worked were 50,000 hours Data related to the month of July 2021 are as follow: Budgeted Actual Quantity produced and sold 30,000 units 24,000 units Variable production overhead RM120,000 RM140,000 Fixed production overhead RM180,000 RM170,000 The overhead are to be absorbed based on direct labour hours. Required: Compute the following variances showing all computations. Indicate whether the variances are Favourable (F) or Adverse (A). (a) Material price. (b) Material usage. (c) Direct labour rate. (4 marks) (4 marks)