5.2 52 Use the information provided below to calculate the following overheads variances. In each case state whether the variance is favourable or unfavourable. 5.2.1 Variable overheads efficiency variance 5.2.2 Variable overheads expenditure variance 5.2.3 Fixed overheads volume variance INFORMATION Supreme Manufacturers manufactures Product Vix. It provided the following information for March 2022: Budgeted figures: Variable manufacturing overheads R6 per labour hour Fixed manufacturing overheads R240 000 Labour hours 12 000 hours Expected production Actual results: Variable manufacturing overheads Fixed manufacturing overheads Labour hours worked Actual production 2 500 units R77 500 R250 000 12 500 hours 3 000 units (2 marks) (2 marks) (4 marks)