QUESTION 7 Here are the details relating to the budget that has been set up for Perniagaan Melati for 2023 and the actual results that have been obtained for that year: Budgeted Production unit is 25000units Actual Production units is 20,000 units. BUDGETED Usage of materials is 50000kg. ACTUAL Usage of materials is 45000kg.Budgeted Cost of materials is RM70000 WHILE Actusl cost of materials is RM67500. Budgeted Usage of direct labor is 100000hour while actual usage of direct labor is 120000hour. Budgeted Cost of labor is RM2000000 WHILE ACTUAL COST OF LABOR IS RM300000. BUDGETED Variable overhead is RM45000 while Actual variable overhead is RM60000. REQUIRED: a. Direct material variance b. Direct labor variance c. Variable overhead variance
