3,1 Pick 'n Swipe. manufactures a number of consumer items for general household use. During the October, the company manufactured 4,000 chopping blocks using 11,000 metres of wood. The wood cost the company R18,700 when purchased. According to the standard cost card, each chopping block requires 2.5 board metre of wood, at a cost of $1.80 per board metre. Required: Compute the material quantity variance and material price variance. Use the drop down to specify if it is Favourable or Unfavourable. II Price Variance 10 HIN = Material Variance