Use the information provided below to calculate the following variances. In each case state whether the variance is favourable or unfavourable. Materials issue price variance Labour rate variance Labour efficiency variance Variable overheads efficiency variance Variable overheads expenditure variance Fixed overheads volume variance Sales price variance INFORMATION Winclo Ltd uses the standard costing system. The standards and actual information for March 2020 for the only product that it manufactures are as follows: Standards Direct materials 2kg @ R10 per kg Direct labour 5 hours @ R40 per hour Variable overheads R10 per labour hour Fixed overheads R50 000 Normal production 10 000 units per month Budgeted sales 9 500 units per month Selling price R200 per unit Actual information for March 2020: Direct materials used 19 000kg @ R10.50 per kg Direct labour 44 000 hours @ R42 per hour Variable overheads R484 000 Fixed overheads R52 000 Production 9 000 units manufactured Sales 8 500 units @ R190 per unit