Use the information provided below to calculate the following variances. In each case state whether the variance is favourable or unfavourable. 5.1 Materials issue price variance ( 3 marks) 5.2 Materials quantity variance (3 marks) 5.3 Total labour variance (without calculating the labour rate and labour efficiency variance) (3 marks) 5.4 Variable overheads efficiency variance (3 marks) 5.5 Variable overheads expenditure variance (3 marks) 5.6 Fixed overheads volume variance (3 marks) 5.7 Sales price variance (2 marks) INFORMATION Zebcom Manufacturers makes and sells a single product. The compary operates a standard costing system. Details of the budgeted and actual data for 2022 are as follows: Use the information provided below to calculate the following variances. In each case state whether the variance is favourable or unfavourable. 5.1 Materials issue price variance ( 3 marks) 5.2 Materials quantity variance (3 marks) 5.3 Total labour variance (without calculating the labour rate and labour efficiency variance) (3 marks) 5.4 Variable overheads efficiency variance (3 marks) 5.5 Variable overheads expenditure variance (3 marks) 5.6 Fixed overheads volume variance (3 marks) 5.7 Sales price variance (2 marks) INFORMATION Zebcom Manufacturers makes and sells a single product. The compary operates a standard costing system. Details of the budgeted and actual data for 2022 are as follows