QUESTION 21 Ponkey Limited is a manufacturer a particular product (product F), and have given you with the following information which relates to the period which has just ended. Standard cost per unit of product F Mrmin1n. Budgeted sales for the period are 6,500 units at GH\&265 per unit. There were no inventories of product F. The actual materials used were as follows. Materials: 6,200 units of product F were produced and sold for GH/1,705,000. Required: (i) Compute the following material variances: - Price - Usage (ii) Determine the selling price variance