(20 MARKS) QUESTION 2 REQUIRED 2.1 Use the nfomation given below to calculate the following variances: 2.1.1 Material quantity variance 2.12 Total labout variance 2.1.3 Vanable manufacturing overheads efficiency variance Note: Your answers must indicate whether the variance is favourable or unfavourable. (3) (3) Weidit Manufacturing uses the standard costing system The standards are as follows: Material A 5kg R8 per kg Labour 6 hours @R72 per hour Variable manutacturing overheads R23 per labour hour Normal production 25 000 units per month SALU Actual information for October 2019 Material A used Labour 104 000 @ R8.50 per kg 116 000 hours @ R75 per hour R25 per hour 20 000 units -OOOF -7 bola U ODO U Variable manufacturing overheads Production 36000 u U2 000 89 600 u 47600 2.2 REQUIRED Use the information provided below to calculate the following variances for January 2020. 22.1 Direct labour rate variance 2.22 Direct labour efficiency variance 2.2.3 Variable overheads expenditure variance (3) (3) INFORMATION Techno Manufacturing has set a standard labour rate of R&4 per direct labour hour and a variable overhead rate of R4 per direct labour hour Actual hours worked for January 2020 were 4 900 hours at a cost of R294 000 The actual variable overheads cost incurred amounted to R20 825 The standard allowance of direct labour hours for the output achieved was 5 000 hours. 2