>>> 2.1 14:44 2.2 QUESTION 2 REQUIRED Use the information provided below to calculate the following variances: 2.1.1 Material mix variance 2.1.2 Material yield variance 2.1.3 Fixed manufacturing overheads volume capacity variance 2.1.4 Fixed manufacturing overheads volume efficiency variance. Note: Each answer must indicate whether the variance is favourable or unfavourable. INFORMATION The following figures were extracted from the budgeted statement of comprehensive income of Maverick Limited for May 2018, a normal production month in which 40 000 units are expected to be produced: Materials: Nix Max Direct labour Fixed overheads Materials: Nix Max Direct labour Fixed overheads (20 000 metres at R3 per metre) (20 000 metres at R7 per metre) (20 000 hours at R40 per hour) ||| (32 000 metres at R2 per metre) (20 000 metres at R8 per metre) (25 000 hours at R43.15 per hour) 5 of 8 REQUIRED Use the information provided below to calculate the following: * * || || 81%1 The actual production for May 2018 was 48 000 units and the following is an extract of the statement of comprehensive income: (25 Marks) O (3 marks) (3 marks) (3 marks) (3 marks) R 60 000 140 000 800 000 400 000 R 64 000 160 000 1 078 750 360 400 r 3 ||