Question: Hi, please help me to solve the below questions from 8 - 10. I have only an hour to submit it. Thank you. Hero Sdn

Hi, please help me to solve the below questions from 8 - 10. I have only an hour to submit it. Thank you.

Hi, please help me to solve the below questions from 8 -

Hero Sdn Bhd has the following standards cost for one of its products: Direct materials (2 kg at RM3) RM6 Direct labour (0.6 hr at RM3) RM6 During the most recent year, the following actual results were recorded: Production 7,000 units Direct materials (10,000 kg purchased and used) RM50,000 Direct labour (5,000 hrs) RM20,000 8. Materials price variance is: A. RM20,000(F). B. RM20,000 (U). C. RM10,000 (U). D. RM10,000(F). 9. Labour rate variance is: A. RM5000 (U). B. RM5000 (F). C. RM10,000 (F) D. RM10,000(U). Business Accounting (BAAB1014) CONFIDENTIAL April 2021 Final Examination 10. Variances are computed by taking the difference between which of the following? A. Product cost and period cost. B. Actual cost and differential cost. C. Price factors and rate factors. D. Actual cost and standard cost

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