QUESTION TWO a) Define variance analysis and discuss FOUR factors to consider when deciding whether or not to investigate variance in an organization (5mks) b) The standard cost per unit of product (Y) manufactured by design manufacturing limited is provided below; Direct materials 120 Direct Labour 130 Variable overheads 150 Fixed overheads 200 Total production coast 600 Standard profit 150 Selling price 750 Additional Information 1. The actual data for October 2022 was as follows; Opening stock 14,000 Closing stock 12,500 Sales (Ksh. 700 per unit) 25,000 2. Actual fixed overheads incurred amounted to Ksh. 4,500,000 Required; prepare income statement using; i. Marginal costing (5mks) ii. Absorption costing (5mks)