Regal Ltd uses the standard costing system. The standards and actual information for May 2022 for the only product that it manufactures are as follows: Standards: Direct materials Direct labour Variable manufacturing overheads Normal production Actual information for May 2022: Direct materials used Direct labour Variable manufacturing overheads Production 4kg @ R7 per kg 5 hours@ R60 per hour R12 per labour hour 12 000 units per month 43 OOOkg@R7.50perkg 56 000 hours @ R58 per hour R649600 1 1 000 units manufactured