QUESTION 4 (30 MARKS) Below are given the budget and actual figures for one week's production for XYZ company BUDGET RM RM ACTUAL RM RM Page 9 of 13 AFA3343 80,000 Sales 7.000 units at RM10.50 per unit 73,500 8,000 8.250 Sales 8,000 units at RM10 per unit Direct materials 8,000 kilos at RM1 per kilo Direct labour 1,000 hours at RM5 per hour Variable overheads 8,000 units at $0.50 per unit 3.600 5,000 Direct materials 7,500 kilos at RM1.10 per kilo Direct labour 800 hours at RM4.50 per hour Variable overheads Fixed overheads 3.500 4,000 5.500 20.850 Fixed overheads 6,000 23,000 Lest: closing stock (2.400) 18,4500 Profit 57.000 Profit 55050 Notes: (1) The budget anticipated 10,000 units to be produced and sold (2) Actual production was 8,000 units of which 7,000 units were sold. REQUIRED: Calculate the following variances: (a) sales price (2 marks) (b) sales volume (based on sales margin) (2 marks) (o material price (2 marks) (d) material usage (4 marks) (e) labour rate