REQUIRED Use the information provided below to calculate the following variances. In each case state whether the variance is favourable or unfavourable. 5.1 Total material variance (without calculating the quantity and issue price variances) (3 marks) 5.2 Labour rate variance (3 marks) 5.3 Labour efficiency variance (3 marks) 5.4 Variable overheads efficiency variance (3 marks) 5.5 Variable overheads expenditure variance (3 marks) 5.6 Sales quantity variance (3 marks) 5.7 Fixed overheads expenditure variance (2 marks) INFORMATION Medico Ltd uses the standard costing system. The standards and actual information for August 2022 for the only product that it manufactures are as follows: \\begin{tabular}{|l|l|} \\hline \\multicolumn{2}{|l|}{ Actual information for August 2022: } \\\\ \\hline Direct material issued & \\( 32000 \\mathrm{~kg} \\) at R11.60 per kg \\\\ \\hline Direct labour & 56000 hours at R124 per hour \\\\ \\hline Variable overheads & R1 456000 \\\\ \\hline Fixed overheads & R49 000 \\\\ \\hline Production & 11000 units \\\\ \\hline Sales & 12000 units at R300 per unit \\\\ \\hline \\end{tabular}