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5 2 REQUIRED Use the information provided below to calculate the following variances. In each case state wheter the varance is favourable or unfavourable. 5

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REQUIRED
Use the information provided below to calculate the following variances. In each case state wheter the varance is favourable or unfavourable.
5.2.1 Variable manufacturing overheads efficency variance
5.22 Variable manufacturing ovemeads expendiure variance
5.23 Fixed manufacturing overheads volume variance
INFORMATION
Regal Manufacturers, which produces Product M, provided the foloning information for April 202t:
Budgeted figures:
\table[[Variable manufacturing overteads,R10 per labour hour],[Fixed manufacturing overheads,R500000],[Labour hours,25000],[Expecled production,5000 uniss]]
Actual results:
\table[[Variable manufacturing overheads,R303000],[Fixed manufacturing overheads,R520000],[Labour hours worked,28000],[Actual production,5500 urits]]
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