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Quince Industries provided the following information about its standard costing system for 2019: Materials Standard Data 10 kg. @ RM4 per kg Actual Data 6,000

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Quince Industries provided the following information about its standard costing system for 2019: Materials Standard Data 10 kg. @ RM4 per kg Actual Data 6,000 units Quantity produced Labour 3 hours @ RM21 per hour Materials purchased 75,000 kg for RM315,000 61,500 kg Materials used Actual labour hours 16,500 hours for RM330,000 Required: Compute the followings: (a) Material price variance. (b) Material quantity variance. (c) Labour price variance. (d) Labour quantity variance

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