Redman Ltd produces one product, Lux, Budgeted production and sales of Lux for September 2016 were 850 units at the standard selling price of $110. The following standard data is available for the production of one unit of Lux. Direct material: 5 kilos @ $6.4 per kg Direct labour. 4 hours @ $9.0 per hour The actual results for September 2016 were: All production is sold in the month it is produced. There are no inventories of finished goods Actual production and sales were 980 units at $108 each. Actual direct materials used was 5370 kilos at a total cost of $33 294 Actual direct labour used was 3990 hours at a cost of $36809 1. 2. 3 4. Required (a) Calculate the following variances for Redman Ltd for the month of September 2016 (0) Material price variance (1) Material usage variance (iii) Labour rate variance (iv) Labour efficiency variance (v) Sales price variance (vi) Sales volume price (vii) Sales volume profit volume