QUESTION S The following information is taken from the books of Homegrown Sdn. Bhd, for its product SIGNIX: Budgeted Actual Units manufactured 5,600 5,000 Direct materials used (kg) 28,000 26,000 Direct labour hours (DLH) 56,000 55.000 RM RM Material purchased 140,000 132,600 Wages 168,000 170,500 Variable manufacturing overhead 28,000 26,000 Fixed manufacturing overhead 84,000 84,000 Overhead is applied on the basis of direct labour hours (DLH). A unit of SIGNIX sells for RM120 in the market. Required: a) Calculate the standard cost of SIGNIX. (4 marks) b) Determine the actual profit per unit of SIGNIX. (4 marks) c) Compute the following variances: (1) Material price variance (ii) Material quantity variance (iii) Labour price variance (iv) Labour quantity variance (v) Total overhead variance (6 marks) d) Prepare the income statement for Homegrown San. Bhd under a standard cost accounting system. (6 marks)