+ loads/Management%20Accounting%20Finan2005Apd Read aloud Ack Cop 5 REQUIRED Calculate the following variances from the information provided below. In each case also state whether the 14 vanance is favourable or unfavourable 14.1 Labour rate variance (2marks) 142 Labour efficiency variance 3 marks) 143 Tot labour variance without using the labour rate variance and labour efficiency Omarks) variance INFORMATION Raleigh Enterprises manufactures bicycles. During the year 3 000 bicycles were produced. The actual labour time was 28 000 hours at a total cost of R2 660 000 Raleigh Enterprises had the following labour standard for the 4000 bicycles that it expected to produce during the year Shours per unit at R90 per hour 450 D 4 144 D 6 8 9 0 D D O wnloads/Management%20Accounting%20Final%200SA.pdf EL Read aloud | Ask Copilot + 3 of 9 1.4 REQUIRED Calculate the following variances from the information provided below. In each case also state whether the variance is favourable or unfavourable. 1.4.1 Labour rate variance (2 marks) 1.4.2 Labour efficiency variance (3 marks) 1.4.3 Total labour variance without using the labour rate variance and labour efficiency variance. (3 marks) INFORMATION Raleigh Enterprises manufactures bicycles. During the year 3 000 bicycles were produced. The actual labour time was 28 000 hours at a total cost of R2 660 000. Raleigh Enterprises had the following labour standard for the 4 000 bicycles that it expected to produce during the year. 9 hours per unit at R90 per hour Q Search