QUESTION ONE [20] Furnicraft manufactures one type of coffee table and uses a standard costing system. The following is the standard variable cost per table: Material @ R90 per metre R360 Labour @ 4 hours R200 Budgeted sales were 480 units at R700 each The following are the actual results for March 2019: Materials purchased and used 2 200 metres Labour (rate per hour R55) R209 000 R115 500 Sales R400 000 500 units were manufactured and sold during March 2019. There were no completed units, work in progress or material on hand at the beginning or end of March 2019. Required: Use the information provided above to calculate the following variances: 1.1 Material quantity 1.2 Material purchase price 1.3 Labour rate (4) (4) (4) 1.4 (4) Labour efficiency Sales price 1.5 (4)