Laura Company Ltd. Manufactures a single product and uses standard costing. The standard costs for producing one unit of the product are as follows:

	Shs
Direct material:
Material X (3Kgs)	30
Material Y (5 Kgs.)	25
Direct labour (5 hours)	40
Production Overheads:
Variable	30
Fixed	20
Standard unit cost	145

Note: Overhead is applied on basis of direct labour hours.

In the month of May 2023, the company had budgeted to produce 10,000 units. However, 11,000 units were actually produced and the costs incurred were as follows:

	Shs.	Shs.
Material cost:
Material X (34,000 Kgs.)	323,000
Material Y (52,000 Kgs)	312,000	635,000
Labour costs (51,000 hours)		433,500
Manufacturing Overheads:
Variable	340,000
Fixed	220,000	560,000
Total manufacturing costs		1,628,500

Note: There was no charge in stock of work in progress.

Required

Calculate the following variances indicating whether they are favourable (F) or unfavourable (U):

1. Material price variance
2. Material usage variance
3. Labour rate variance
4. Labour efficiency variance
5. Total variable overhead variance
6. Total fixed overhead variance.