Answer the questions from the information provided. Use the information given below to prepare the Income Statement for

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Answer the questions from the information provided. Use theinformation given below to prepare the Income Statement for March2022 according to the absorption costing method. 2.1 (12 marks)
INFORMATION
The following information was extracted from the accountingrecords of Alpha Enterprises for the month ended 31 March 2022:Sales 3 200 units Selling price per unit R100 Finished products on01 March 2022 400 units Products manufactured during the month 3600 units Variable manufacturing costs per unit R26 Variableselling and administrative costs per unit sold R12 Fixedmanufacturing costs R25 200 Fixed selling and administrative costsR12 400 Additional information The variable manufacturing cost perunit and total manufacturing cost per unit of the finished goods on01 March 2022 was R21.60 and R26.20 respectively. Use theinformation provided below to calculate the following manufacturingvariances for March 2022. Note: Each answer must state whether thevariance is favourable or unfavourable. 2.2 2.2.1 Labour ratevariance (2 marks) 2.2.2 Labour efficiency variance (2 marks) 2.2.3Variable overheads efficiency variance (2 marks) Variable overheadsexpenditure variance (2 marks) INFORMATION Nevada Limited set astandard labour rate of R32 per hour and a standard variableoverhead rate of R3.80 per labour hour. Actual hours worked forMarch 2022 were 4 910 at a cost of R149 264. The actual variableoverhead cost incurred was R19 640. The standard allowance oflabour hours for the output achieved was 5 000 hours.