Given the following information: Actual 10,010 405 37,010 Units produced Materials (kg) Direct Labour (Hours) Material Costs Direct Labour Costs Variable Overhead Costs Fixed Overhead Costs Budget 10,000 400 35,000 $8,000 $385,000 $350,000 $160,000 $408,960 $370,000 $136,358 Other Information Overhead is Allocated on Direct Labour Hours During the year, 500 kg of materials were purchased for $9,000 Beginning Inventory: none Ending Inventory: 95kg Required: Calculate the following variances A. Material Rate B. Material Efficiency C. Labour Price D. Labour Efficiency E. Variable Overhaed Rate F. Variable Overhead Efficiency G. Fixed Overhead Rate H. Fixed Overhead Production Volume 1. What is the single likely cause of the significant variances