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QUESTION 8 Suria Limited manufactures two products, KIKI and KAKA. The following information is available for the production for each unit of the products:- Standard cost for each product are as follows: Direct KIKI material: X 24 kilos at RM2.00 per kilo 10 kilos at RM5.00 per kilo 10 hours at RM3.00 per hour 6 hours at RM5.00 per hour The projected data for the month of January 2021 are as follows: PRODUCT Y Direct wages Unskilled Skilled Finished goods stock at production cost: Opening stock Closing stock Production cost per unit i) ii) iii) iv) Sales at standard sales price Standard sales price per unit MATERIAL Stock at standard price 1 January 31 January Production Budget Material usage Budget Material purchase Budget Direct labour Budget 30 kilos at RM2.00 per kilo 8 kilos at RM5.00 per kilo 93 7 hours at RM3.00 per hour 5 hours at RM5.00 per hour KIKI RM KAKA 152,000 190,000 380 1,368,000 570 X RM 60,000 70,000 KAKA RM 256,000 352,000 320 1,536,000 480 a) Using the information given above, you are required to prepare for the month of January 2022: 125,000 135,000 Y RM