Budget	Actual
Sales	1,000 units at 100 each	950 units at 103
Production	1,000 units	980 units
Fixed Overheads	18,000	17,850

The standard cost card for the product is as follows:

	per unit
Materials (10kgs at 2)	20
Labour (6 hours at 2.50)	15
Variable overheads (6 hours at 4/hour)	24
Fixed overheads (6 hours at 3/hour)	18
Total standard cost	77
Standard profit	23
Standard selling price	100

During the month of May the following data were also recorded:

Materials purchased (13,000 kg)	26,500
Labour costs (5,600 hours)	14,560
Variable overheads	24,192
Fixed overheads	17,850
Materials issued to production - 9,810 kg
Stock of materials at standard cost on May 1 - 850
Stock of finished goods standard cost on May 1 - 3,080

Requirement

Calculate the following variances:

1) Materials price and usage variances

2) Labour rate and efficiency variances

3) Variable overhead expenditure and efficiency variances

4) Fixed overhead expenditure and volume variances

5) Sales price and volume variances