1.3 REQUIRED Use the information provided below to calculate the following variances. In each case state whether the variance is favourable or unfavourable. 1.3.1 Material issue price variance (4 marks) 1.3.2 Material quantity variance (4 marks) 1.3.3 Total material variance, without using the answers from the previous questions. (4 marks) INFORMATION To produce one unit of Product Rap a standard quantity of 4 kilograms of material Y at a standard price of R5 per kilogram is allowed. Expected production per month is 8 500 units. The cost figures for September 2022 showed that 35 200 kilograms of material Y were purchased at R5.20 per kilogram. 8 000 units of Product Rap were produced during September 2022 using 33 600 kilograms