Sap Sdn. Bhd. is a wholesale manufacturer of tea products. It operates a variable costing system. Given below, is information relating to one of its products, i.e. bottled premium tea leaves-grade A, which is made in one of the company departments: - Bottled premium tea leaves-grade A Standard variable product cost Unit (RM) Direct material (6 kilograms at RM4 per kg) Direct labour (1 hour at RM7 per hour) Variable production overhead (1 direct labour hour) Additional information - Variable production overhead varies with direct labour hours of input - Budgeted fixed production overhead per month is RM100,000 - Budgeted production is 20,000 bottles per month Actual production and costs for one of the months were as follows: Bottles produced 18,500 bottles (RM) Direct materials purchased and used, 113,500kg 442,650 Direct labour, 17,800 hours 129,940 Variable production overhead incurred 58,800 Fixed production overhead incurred 104,000 735,390 Required: Compute the following variances and give reasons for the variances: a. Material price variance (3 marks) b. Material usage variance (3 marks) c. Direct labour variance (3 marks) d. Direct labour efficiency variance (3 marks) e. Variable overhead spending variance (3 marks) f. Variable overhead efficiency variance (3 marks) g. Fixed overhead spending variance (2 marks) (Total: 20 marks)