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 10 36 Std Cost Material (2kgs @ $5/kg) Labour (3 hrs at $12/hr) Overheads (3 hrs @ $1/hr) Marginal Cost Selling Price Contribution 49 68 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. Calculate the sales, materials, labour, variable overheads, fixed overheads variances in as much detail as possible