Actual 12,000 S/unit 32 15 55 Question 2 Quest Ltd has the following budget and actual figures for year 2020. Budget Production and sales volume 10,000 S/unit Material 30 Labour 16 Selling price 54 Required: Calculate the following variances in. 0 Total sales revenue variance () Sales activity/volume variance (ii) Selling price variance. (iv) Total direct material cost variance (v) Direct material activity/usage variance (vi) Direct material price variance (vii) Total direct labour cost variance (viii) Direct labour activity/efficiency variance (ix) Direct labour rate variance 3