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Sales Materials Wages Variables production overhead Fixed production overhead NET PROFIT RM RM 178,500.00 48,667.50 44,887.50 21,735.00 32,130.00 (147,420.00) 31,080.00 The following additional information is also provided. 1. Budgeted production and sales for the month of June were 500 units and 450 units respectively 2. The standard selling price per bottle of Diet Pod is RM375. 3 Overhead costs were absorbed based on direct labour hours. 5 b. Calculate the following variances for the month of June 2016: 1. ii. iii. iv. v. vi. vii. viii. ix. X. Direct material price Direct material usage Direct labour rate Direct labour efficiency Variable production overhead expenditure Variable production overhead efficiency Fixed production overhead expenditure Fixed production overhead volume Sales price Sales volume (1 marks Sales Materials Wages Variables production overhead Fixed production overhead NET PROFIT RM RM 178,500.00 48,667.50 44,887.50 21,735.00 32,130.00 (147,420.00) 31,080.00 The following additional information is also provided. 1. Budgeted production and sales for the month of June were 500 units and 450 units respectively 2. The standard selling price per bottle of Diet Pod is RM375. 3 Overhead costs were absorbed based on direct labour hours. 5 b. Calculate the following variances for the month of June 2016: 1. ii. iii. iv. v. vi. vii. viii. ix. X. Direct material price Direct material usage Direct labour rate Direct labour efficiency Variable production overhead expenditure Variable production overhead efficiency Fixed production overhead expenditure Fixed production overhead volume Sales price Sales volume (1 marks