A company manufactures Cricket Bats. In May 2010 the budgeted sales and production were 19,000 bats and the standard cost card is as follows:

Std Cost Std Cost Material (2kgs @ $5/kg) 10 Labour (3 hrs at $12/hr) 36 Overheads (3 hrs @ $1/hr) 3 Marginal Cost 49 Selling Price 68 Contribution 19

Total fixed costs in the period were budgeted at $100,000 and were absorbed on the basis of labour hours worked.

In May 2010 the following results were achieved:

40,000kg of wood were bought at a cost of $196,000, this produced 19,200 cricket bats. No inventory of raw materials is held. The labour was paid for 62,000 hours and the total cost was $694,000. Labour worked for 61,500 hours.

Variable overheads in the period were $67,000.

The sales price was reduced to protect the sales levels. However, only 18,000 cricket bats were sold at an average price of $65.

Total fixed costs in May were $107,000.

Required:

Calculate the sales, materials, labour, variable overheads, fixed overheads variances in as much detail as possible