Question 2 Cahaya Company produces product X with the following cost structure: Standard cost per unit: Direct materials RM6 Direct labor (5 hours at RM2 per hour) RM10 Production overheads RM8 A...

Extracted text: Question 2 Cahaya Company produces product X with the following cost structure: Standard cost per unit: Direct materials RM6 Direct labor (5 hours at RM2 per hour) RM10 Production overheads RM8 A total of 8,000 units of product X were actually produced. The budgeted production was estimated to be 7,000 units Calculate the standard cost of production for Product X and the standard hours produced.