the module is cost management accounting

COST AND MANAGEMENT ACCOUNTING || Question 1 (18) The following information about the labour of the manufacturing department of a manufacturing company for the month of March 2021 was made available to you as a trainee cost accountant: Actual hours worked - 510 hours at R4.75 per hour Units manufactured for March 2021: o Completed - 450 units Incomplete - 200 units (100% complete in respect of material and 25% complete in respect of labour and overheads) Standard labour cost per unit according to the standard cost card: 1 hour at R5 per hour Required: Calculate the following labour variances: 1.1. Labour rate variance (6) 1.2. Labour efficiency variance (7) 1.3. Total labour variance (5) Show all formulas and calculations and indicate whether the variance is favourable or unfavourable