Use the information provided below to calculate the following variances. In each case state whether the variance is favourable or unfavourable. 1.1 Material quantity variance 1.2 Labour rate variance 1.3 Labour efficiency variance 1.4 Variable overheads efficiency variance 1.5 Variable overheads expenditure variance 1.6 Fixed overheads volume variance 1.7 Sales price variance INFORMATION Mica Manufacturers makes and sells a single product. The company operates a standard costing system. Details of the budgeted and actual data for 2022 are as follows: Budgeted data Standard production costs per unit: Direct materials 6 kg at a cost of R12 per kg Direct labour 3 hours at R10 per hour Variable overheads 3 hours at R5 per direct labour hour Fixed manufacturing overheads R180 000 Standard selling price R200 per unit Production and sales 10 000 units Actual data Direct materials 65 000 kg @ R13 per kg Direct labour 29 000 hours @ R11 per hour Variable overheads R130 500 Fixed manufacturing overheads R188 500 Selling price R195 Production and sales 10 000 units