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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

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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"

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