SBS Company produces a single product. Variable manufacturing overhead is applied to products on the basis of direct labour-hours. The standard costs for one unit of product are as follows: Price and Rates (RM) Usage Cost (RM) 5kg 2 hours 2 hours Direct material 0.50 2.5 Direct labour 10 20 Variable manufacturing overhead Total standard variable cost per unit 5.00 10 RM32.5 During June, 2,000 units were produced. And the following are the actual costs incurred for the month. Purchased Cost RM 14,000 kg 7,000 Actual Price and Rates Usage Direct material Direct Materials Actually used Direct labour Variable manufacturing overhead RMS.00 RM0.50 6kg 14,000kg 3,800 hours 3,800 hours RM10.00 38,000 19,000 The workers are demanding that their wages to be increased. Prepare a variance analysis for direct materials, direct labour, and variable manufacturing overhead variances. Indicate whether the company should consider increasing the wages.