QUESTION: Syarikat Excellent Tool manufactures special electrical parts. The plant is located in an industrial area in the north of Peninsular Malaysia. The standard costs for the product in 2021 are determined as follows: Volume issued Material used (unit) 20,000 units 50,000 kg Material used (cost) 60,000 Labour (hour) 60,000 hours Labour (cost) 60,000 In January 2021, a total of 1,500 units of electrical parts were produced and these are costs related to the production: Material Labour 4,200 kg used with cost of RM6,300.00 5,250 hours with total wages of RM6,300.00 As an accountant assistant, you are required to calculate: a) Material price variance, material usage variance and material cost variance. (6 marks) b) Labour rate variance, labour efficiency variance and labour cot variance. (6 marks) c) Briefly explain variance analysis for direct material and direct labour. (6 marks) d) Discuss whether purchasing manager and operational manager should be blame if the direct material price variance and direct labour variance is unfavourable. (7 marks) 1/2