Use the information provided below to calculate the following variances. In each case state whether the variance is favourble or unfavourable. 1. Material issue price variance ,2. Material quantity Variance, 3. Total Material variance, without using the answers from the previous questions. To produce one unit of Product Rap a standard quantity of 4 kg of material Y at a standard price of R5 per kilogram is allowed. Expected production per month is 8500 unit