Question: (i) Interpret the materials price and usage variances. (ii) Interpret the labor rate and efficiency variances. (d) DRS Manufacturing has the following standards for one

(i) Interpret the materials price and usage variances. (ii) Interpret the labor rate and efficiency variances.

(d) DRS Manufacturing has the following standards for one of its products: (DRS Manufacturing mempunyai standad berikut untuk salah satu produknya: Table 9: Production Costs Jadual 9: Kos-kos Pengeluaran Direct materials (2 meter @ RM5) Direct labor (0.5 hour @ RM10) RM10 RM5 During the most recent year, the following actual results were recorded: [Pada tahun terakhir, hasil sebenar berikut direkodkan: Table 10: Production Costs Jadual 10: Kos-kos Pengeluaran Production 6,000 units Direct materials (11,750 meter purchased and used) RM61,100 Direct labor (2,900 hours) RM29,580

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