2.3 Use the information provided below to answer question 16-20 based on variance analysis. INFORMATION The following figures were extracted from the budgeted statement of comprehensive income of Simplex Limited for August 2017, a normal production month in which 20 000 units are expected to be produced: R Materials: Sim (10 000 metres at R6 per metre) 60 000 Plex (10 000 metres at R14 per metre) 140 000 Direct labour (10 000 hours at R80 per hour) 800 000 Fixed overheads 400 000 The actual production for August 2017 was 24 000 units and the following is an extract of the statement of comprehensive income: R Materials: Sim (16 000 metres at R4 per metre) 64 000 Plex (10 000 metres at R16 per metre) 160 000 Direct labour (12 500 hours at R86.20 per hour) 1 077 500 Fixed overheads 1. 0 2.3.1 What is the material mix variance? (1 marks) 2.3.2 What is the material yield variance? (1 marks) 2.3.3 What is the material quantity variance? (1 marks) 2.3.4 What is the fixed manufacturing overheads volume capacity variance? (1 marks) 2.3.5 What is the fixed manufacturing overheads volume efficiency variance? (1 marks)