Question: 1.3 REQUIRED Use the information provided below to calculate the following variances. In each case state whether Ihe variance is favourable or unfavourable. 1.3.1 Material

1.3 REQUIRED Use the information provided below to calculate the following variances. In each case state whether Ihe 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] INFDRMAHDN To produce one unit of Product Rap a standard quantity of 4 kilograms of material '1'\" at a standard price of R5 per kilogram is allowed. Expected production per month is 3 Bill] units. The cost gures for SeptemberEEE showed that 35 EDD kilograms of material '1' were purchased at R521] per kilogram. 3 Bill] units of Product Ftap were produced during September EDEE using 33 Elli] kilograms of material \"1&quot

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