Michael Angelo Statue Company produces lawn statues. The standard cost to produce one lawn statue is:

Materials $(2$ lbs x $$2\mathrm{.}25)$

$$4\mathrm{.}50$

Labor $(0\mathrm{.}5$ hours x $$10)$

$$5\mathrm{.}00$

Overhead

$$9\mathrm{.}90$

Total standard cost for $1$ statue

$$19\mathrm{.}40$

Standard variable overhead is $$5\mathrm{.}40$ per unit and fixed overhead is $$90,000.$ At the start of this year, the company expected to produce $20,000$ statues.

During this year, $22,000$ statues were produced. Here is more information about actual costs for this year:

Purchased $44,000$ pounds of material for $$96,800.$

Used $46,200$ pounds of material.

Worked $10,300$ labor hours costing $$113,300.$

Actual overhead incurred was $$208,000.$

Instructions: Calculate all material, labor and overhead variances. Which variances should be investigated?