Owen limited uses a standard costing system. The standard cost card for one product is shown below.

Direct material 4kg @$5 per kg 20

Direct labour 2 hour @ $8 per hour 16

Variable overhead 2 hours @ $3.5 per hour 7

Total variable cost 43

Fixed overhead 2 hours @ $7 per hour 14

Total production cost 57

Standard selling price 70

Standard profit margin 13

The budgeted output and sales was 1000 units. Actual production and sales for the period were 1300 units.

Actual cost and revenue were as follows.

Direct material 5000 kg costing 22,700

Direct labour 2,850 hours costing 21,500

Variable overhead 7,800

Fixed overhead 14,600

Sales revenue 1,300 units @ $68 88,400

Required:

Calculate the following variances

1. Material usage and price
2. Labour efficiency and rate
3. Variable overheads efficiency and expenditure
4. Fixed overhead efficiency, capacity and expenditure
5. Sales price and sale volume