1. Calculate the fixed overhead variance 2. Calculate the variable overhead variance 3. Calculate the material price variance 4. Calculate the labor mix variance and labour yield variance 5. If Given that the budged selling price was R40 and tge actual selling price was R42. Calculate the sales price variance

There was no work in progress or finished goods in inventory at the beginning or the end of the month. Material recorded in the actual cost and the results of the company are accounted for on the absorption cost basis