QUESTION ONE [30] The following information relates to New Time Marketing Manufacturing: June 2020 NTM Manufactures product J provides the following information for June 2020 R20 000 R48 000 4 000 1 000 units Budgeted figures: Variable manufacturing overheads Fixed manufacturing overheads Labour hours Expected hours Actual results: Variable manufacturing overheads Fixed manufacturing overheads Labour hours worked Actual production R19 135 R49 880 4 300 1 050 units Required : Calculate the following - 1.1 Efficiency variance 1.2 Expenditure variance 1.3 Total variable overheads variance Calculate the following fixed manufacturing overheads variance 1.4 Expenditure variance 1.5 Volume variance 1 of 2 1.6 Total fixed overheads variance