HB makes and sells a single product. The company operates a standard marginal costing system and a JIT purchasing and production system. No inventory of raw materials or finished is held. Details of actual and budget data of the previous periods are given below:

Budget data:

Standard production cost per unit

Direct Material 8..g@$10.80 per kg=$86.40

Direct labour 1.25hours@$18 per hour=$22.50

Variable overheads 1.25hours@$6 per hour=$7.50

Total Variable cost=$116.40

Standard selling price=$180 per unit

Budgeted fixed production overhead=$170 000

Budgeted production and sales=10 000 units

Actual data:

Direct materials: 74 0..g@$11.20 per kg

Direct labour: 10 800 hours@$19 per hour

Variable overheads=$70 000

Actual selling price: $184 per unit

Actual fixed production overhead= $168 000

Actual production and sales= 9 000 units

Calculate the following:

a) Materials price variance

b) Materials usage variance

c)Labour rate variance

d)Labour efficiency variance

e)Variable overhead spending variance

f)Variable overhead efficiency variance

g) Fixed overhead spending variance

h)Fixed overhead volume variance

i) Sales price variance

J) Sales volume variance