Question 2 Answer the questions from the information provided. 2.1 Use the information given below to prepare the income

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Question 2 Answer the questions from the information provided. 2.1 Use the information given below to prepare the income Statement for March 2022 according to the (12 marks) absorption costing method.
The following information was extracted from the accounting records of Alpha Enterprises for the month ended 31 March 2022: Sales Selling price per unit Finished products on 01 March 2022 Products manufactured during the month Variable manufacturing costs per unit Variable selling and administrative costs per unit sold Fixed manufacturing costs Fixed selling and administrative costs 3 200 units R100 400 units 3 600 units R26 R12 R25 200 R12 400
Additional information 2.2 The variable manufacturing cost per unit and total manufacturing cost per unit of the finished goods on 01 March 2022 was R21.60 and R26.20 respectively. Use the information provided below to calculate the following manufacturing variances for March 2022. Note: Each answer must state whether the variance is favourable or unfavourable. 2.2.1 Labour rate variance 2.2.2 Labour efficiency variance 2.2.3 Variable overheads efficiency variance 2.2.4 Variable overheads expenditure variance (2 marks) (2 marks) (2 marks) (2 marks)