(15 marks) Question 2: You have been appointed as the Firancal Manager for MBA Ltd The Production Manager approaches you to assist hm n identfying the reason/'s for the over expenditure on matoral in his plant The company manufactures one product and uses a standard cost system in your discussion wwth the cost accountant, you gathered the folowing information Standard cost per unt Matenal 5kg R12 50 per und Labour 2 Hours R35 00 per hour Factory overheads R45 per labour hour Actual data for the month: Number of unts manufactured 12 500 Matenal used R811,250 R13 75 per kg Required a) Calculate and explan the difference betwoen the total actual and the total standard cost (Show all your calculations as method marks are being allocated) (13) b) Suggest a course of action to the Production Manager