Genious company produces and sells a single product. Standard costs for a one unit of a product are as follows:

During June 2018, 2000 units were produced and costs associated with the month are as follows:

Materials purchased

36000 L..>@shs1.20/Litre

shs43200

Materials used in production

28000L

-

-

Direct labour

8000 h..>@19.50/hour

156000

Variable overhead costs incurred

41600

Required: a) MPV and MQV

b) LRV and LEV

c) Variable overhead spending and efficiency variance.