PART B: DIRECI MAL At the beginning of June, Faiz Mainan Sdn. Bhd. budgeted 5,000 toys action figures to be
manufactured in June at standard direct materials and direct labor costs as follows:
Sp
Direct materials
RM50,000
Direct labor
RM36,000
Total
RM86,000
The standard materials price is RM4.00 per pound. The standard direct labor rate is RM18.00
per hour. At the end of June, the actual direct materials and direct labor costs were as follows:
Actual direct materials
RM49,600
RM34,020
Actual direct labor
Total
RM83,620
There were no direct materials price or direct labor rate variance for June. In addition, assume
no charges in the direct materials inventory balances in June. Faiz Mainan Sdn. Bhd. actually
produced 4,850 units of toys action figures during June.
REQUIRED:
(a) Determine the direct materials price variance.
(6) Determine the direct labor rate variance.

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Suppose that jim plans to borrow money for an education at texas a& m university. jim will need to borrow $25,000 at the end of each year for the next five years (total=$125,000). jim wishes his parents could pay for his education but they can’t. at least, he qualifies for government loans with a reduced interest rate while he is in school. he has a special arrangement with aggiebank to lend him the money at a subsidized rate of 1% over five years without having to make a payment until the end of the fifth year. however, at the end of the fifth year, jim agrees to pay off the loan by borrowing from longhorn bank. longhorn bank will lend him the money he needs at an annual interest rate of 6%. jim agrees to pay back the longhorn bank with 20 annual payments and the payments will be uniform (equal annual payments including principal and interest). (i) calculate how much money jim has to borrow at the end of 5 years to pay off the loan with aggiebank. a. $121,336 b. $127,525 c. $125,000 d. $102,020 e. none of the above

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