4. From the following information, calculate the following variances: 1. Material Price Variance 2. Material Quantity Variance 3. Labour Rate Variance 4. Labour Efficiency Variance Fixcel cat staye same (20 marks) Information: The budgeted normal monthly capacity of ABL Limited is 100,000 hours, with a standard of 40,000 units at this capacity. Standard costs per unit are as under: Standard Cost Material- Labour- -10 kg @ Rs.2.50 Rs.18 per hour During December, actual units produced were 45,000 at a labour cost of Rs.2,300,000) Actual Labour hours worked during the month were 115,000 and 427,500 Kg materia) was used at a total cost of Rs.1,111,500