Sophys Fashion Sdn Bhd is a business which produces and sells new designs of dress. Recently the company implements the standard costing system for controlling purposes.

Budgeted production and sales of the dress for the month of July 2020 are 8,700 units. The standard selling price per unit is RM80.

The standard requirement for direct material is 4 meters per unit while the standard requirement for direct labour is 5 hours per units. Both variable cost and fixed overhead costs are absorbed based on direct labour hour basis.

Standard costs for one unit of the dress are given below:

 

	RM per unit
Direct material	18
Direct labour	25
Variable overhead	10
Fixed overhead	15

 

Actual data of the production and sales of the dress for the month of July 2020 are as follows:

Production and sales	8,900 units
Sales revenues	RM756,500
Direct materials purchased and used	35,400 meters at a cost of RM162,840
Direct labour	44,100 hours at a cost of RM224,469
Variable overhead cost	RM87,300
Fixed overhead costs	RM134,000

 

Required: Compute the following variances:

i.             Direct material price variance

ii.            Direct material usage variance

iii.           Direct labour rate variance

iv.          Direct labour efficiency variance

v.           Variable overhead expenditure variance

vi.          Variable overhead efficiency variance

vii.          Fixed overhead expenditure variance

viii.         Fixed overhead volume variance