Question # 5 The information are collected from the record of Delta Company Limited for the month of September 2008 for material 'X' consumed and labour used for production of item 'A'. Two (2) units of material 'X' used and the predetermined purchase price for material 'X' is Rs per unit. Labour required to produce one (1) unit in 3 hours and the labour rate per hour is Rs.10. The actual production for item 'A' was 15,000 units and the materials consumed with price, labour worked and wages paid were as follows. Material 'X' used 33,000 units @ Rs? per unit Labour worked 48,000 hours and rate paid to workers Rs.'l2.50 per hour. Required: a) Material price variance and Material quantity (usage) variance. b] Labour rate twaoel variance and Labour efficiencv {time} variance