The following figures were extracted from the budgeted statement of comprehensive income of Maverick Limited for May 2018, a normal production month in which 40 000 units are expected to be produced: Materials: Nix Max Direct labour Fixed overheads Materials: Nix Max (20 000 metres at R3 per metre) (20 000 metres at R7 per metre) (20 000 hours at R40 per hour) Direct labour Fixed overheads The actual production for May 2018 was 48 000 units and the following is an extract of the statement of comprehensive income: R (32 000 metres at R2 per metre) (20 000 metres at R8 per metre) (25 000 hours at R43.15 per hour) 60 000 140 000 800 000 400 000 R 64 000 160 000 1 078 750 360 400 REQUIRED Use the information provided below to calculate the following variances: Material mix variance Material yield variance Fixed manufacturing overheads volume capacity variance Fixed manufacturing overheads volume efficiency variance. Note: Each answer must indicate whether the variance is favourable or unfavourable.