Answer Happy

Use the information given below to prepare the Income Statementfor March 2022 according to the (12 marks) absorptioncosting method.
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 on 01 March 2022
400 units
Products manufactured during the month
3 600 units
Variable manufacturing costs per unit
R26
Variable selling and administrative costs per unit sold
R12
Fixed manufacturing costs
R25 200
Fixed selling and administrative costs
R12 400
Additional information
The variable manufacturing cost per unit and total manufacturingcost per unit of the finished goods on 01 March 2022 was R21.60 andR26.20 respectively.
2.2 Use the information provided below to calculate thefollowing manufacturing variances for March 2022. Note: Each answermust 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