ICI Limited follows a standard marginal costing system. It is involved in production of number of products information relating to product X, which is made in one of the company departments is given below:

Product X	Standard Marginal Product Cost per unit
Direct Material (6 Kg @ Rs.4 per Kg)	24
Direct Labour (1 hour @ Rs.7 per hour	7
Variable production overhead	3
Total cost per unit	34

Budgeted fixed factory overhead per month Rs.100,000. Variable production overhead varies with units produced. Budgeted production for product X is 20,000 units per month. Actual production and costs for the month are as follows:

Units of X product produced	18,500
Direct Material purchases and used (113,500 Kg)	Rs. 442,650
Direct Labour (17,800 Hours)	129,940
Variable overhead incurred	58,800
Fixed Production overhead incurred	104,000
Total	735,390

Required:

1. Prepare following budgets in column statement showing of costs:

1. Original Budget
2. Flexible budget
3. Actual

Calculate Direct Material and Direct Labour variances.