$5\mathrm{.}2$ REQUIRED

Use the information provided below to caloulate the following variances. In each case state whether the varianon is favourable or unfavourable

$5\mathrm{.}2\mathrm{.}1$ Variable manufacturing overheads efficiency variance

$(3$ marks$)$

$5\mathrm{.}2\mathrm{.}2$ Variable manufacturing overheads expenditure variance

$(2$ marks$)$

$5\mathrm{.}2\mathrm{.}3$ Fixed manufacturing overheads volume variance

$(3$ marks$)$

INFORMATION

Regal Manufacturers, which produces Product M$,$ provided the following information for April $2024$:

Budgeted figures:

$\backslash$table$[[$Budgeted figures:,$],[$Variable manufacturing overheads,R$10$ per labour hour$],[$Fixed manufacturing overheads,$R500000$