ACME Incorporated has the following standard unit costs for a single product

Direct material 12.0 Kg @ $1.65 per kg	$19.80
Direct labour 4 hours @ $21.50 per hour	$86.00
Variable manufacturing overhead 4 hours @ $16 per hour	$48.00

Actual data for the month is as follows:

Direct materials purchased 19,600 Kg @ $1.75 per Kg	$34,300
Direct labour incurred 5,500 hours @ $22.70 per hour	$124,850
Variable manufacturing overhead incurred	$86,240

During the current month, 1,400 units were produced using 16,450 kg of material

Variable manufacturing overhead is applied based on direct labour hours.

Required:

Calculate the material, labour and variable manufacturing overhead variances for the month.

Show calculations and label variances (name of variance and favourable or unfavourable).