REQUIRED Use the information provided below to calculate the following variances. In each case state whether the variance is favourable or unfavourable.

1.3.1 Material quantity variance (4 marks)

1.3.2 Labour efficiency variance (4 marks)

1.3.3 Variable manufacturing overheads expenditure variance (4 marks)

INFORMATION Regal Ltd uses the standard costing system. The standards and actual information for May 2022 for the only product that it manufactures are as follows:

Standards

Direct materials	4kg @ R7 per kg
Direct labour	5 hours @ R60 per hour
Variable manufacturing overheads	R12 per labour hour
Normal production	12 000 units per month

Actual Information

Direct materials used	43 000kg @ R7.50 per kg
Direct labour	56 000 hours @ R58 per hour
Variable manufacturing overheads	R649 600
Production	11 000 units manufactured