PT Ruler Dunia has prepared a 20x1 performance report which contains the variance value for the use of Direct Materials and Direct Labor. Total Variance Value for: - Direct Raw Materials is IDR 53,000,000 (Favorable) - Direct Labor is IDR 36,000,000 (Favorable) The budget for direct materials and direct labor for 20x1 are generally in the range of Rp. 7 billion. The management of PT Ruler Dunia uses the Management by Exception approach and sets a tolerance threshold of 10% of the budget. The standard cost per unit product for Direct Raw Materials and Direct Labor is as follows: - Direct Raw Materials 2.9 kg, at a price of IDR 160,000 per kg - Direct Labor for 1.8 hours, at a price of IDR 280,000 per hour During the year 20x1, PT Ruler Dunia produced 9,500 units of product with additional information: - Purchase and use of 32,500 kg Direct Raw Materials purchased at an average price of Rp 134,000 per kg. - The use of direct labor is 14,400 hours with an average rate of IDR 330,000 per hour. Requested: a. Based on information from the 20x1 Performance Report, does the Management of PT Lunar Jaya need to worry about the total value of the existing variance? Explain b. Based on the additional data available in the problem, do your own calculations on: 1. Price, Quantity, and Total Variance for Direct Raw Materials, and their comparison to the budget value 2. Price, Quantity, and Total Variance for Labor Directly, and its comparison to the budget value c. Based on your answer to point b above, does the Management of PT Lunar Jaya need to worry about price and quantity variations for Direct Materials and Direct Labor? Explain