$52$

REQUIRED

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

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

$5\mathrm{.}22$ Variable manufacturing ovemeads expendiure variance

$5\mathrm{.}23$ Fixed manufacturing overheads volume variance

INFORMATION

Regal Manufacturers, which produces Product $M,$ provided the foloning information for April $202$t:

Budgeted figures:

$\backslash$table$[[$Variable manufacturing overteads,R$10$ per labour hour$],[$Fixed manufacturing overheads,R$500000],[$Labour hours,$25000],[$Expecled production,$5000$ uniss$]]$

Actual results:

$\backslash$table$[[$Variable manufacturing overheads,R$303000],[$Fixed manufacturing overheads,R$520000],[$Labour hours worked,$28000],[$Actual production,$5500$ urits$]]$