Katima inclusive Limited manufacturers a single type of product and use a standard costing system to calculate the cost price. The standard cost per unit of the product is made up as follows:

25 kg material @ N$40 per kg

10 labour hours at N$10 per hour

Overheads: 15 machine hours @ N$3 per hour

- Fixed N$1

Variable N$3

Budgeted information:

15 000 machine hours

Fixed N$30 000

Variable N$60 000

Additional information:

Material purchased and issued: 26 000 kg @ N$40, 20 per kg

Labour: 9 950 hours @ N$10, 20 per hour

Finished products completed: 1 000 units

Actual machine hours: 16 500 hours

Actual manufacturing overheads:

Fixed N$31 000

Variable N$60 000

REQUIRED: Calculate the relevant variances in respect of the following:

3.1 Material price variance

3.2 Material quantity variance

3.3 Total material variance

3.4 Labour rate variance

3.5 Labour efficiency variance

3.6 Total labour variance