QUESTION 3 You are presented with the following information for Busra Bhd.: Direct material: Standard price per unit Standard quantity for actual production Actual price per unit Actual quantity RM50 5 units RM52 6 units Direct labour: Actual hours Actual wage rate per hour Standard hours for actual production Standard wage rate per hour 10,000 RM6.50 9,000 RM6 a) You are required to calculate: i. Total material variance ii. Material price variance iii. Material quantity variance iv. Total labour variance V. Labour price variance vi. Labour quantity variance (16 marks) b) Give ONE reason for each of the favourable or unfavourable variance for items (ii), (iii), (v) and (vi) above. (4 marks)