Rius Sdn Bhd a manufacturer of plastic ware has recently appointed you as an assistant management accountant. One of your responsibilities is to prepare a monthly report that includes a comparison analysis of the company's budgeted costs with its actual costs. The following information relates to the standard product cost and actual production for the month ended 30 November 2013. Sales & Production Selling Price Direct Material Direct Labour Variable Overheads Fixed Overheads Budgeted & Standard Cost Data 20,000 units RM125 per unit 10 kg per unit x RM4.50 per kg 3 hrs per unit x RM7 per hour 3 hrs per unit x RM4 per hour 3 hrs per unit x RM2 per hour Actual Data 21,000 units 10% higher than budgeted 220,000 kg @ RM4.30 per kg 61,500 hrs @ RM7.20 per hour RM178,200 RM110,000 The variable and fixed overheads are absorbed based on an hourly basis. The company expects to produce and sell 20,000 units for the month of November 2013. Required: a. Calculate the standard production cost per unit of the plastic ware. (4 marks) b. Calculate the following variances for the production of plastic ware: i. Direct material price ii. Direct material usage iii. Direct labour rate iv. Direct labour efficiency v. Variable overhead expenditure vi. Variable overhead efficiency vii. Fixed overhead expenditure viii. Fixed overhead volume ix. x. Sales price Sales volume