Smarks (b) The following details have been extracted from the sandland cost card of product X which is manufactured by the XYZ chemical company which uses an absorption costing system Ki Direct material Direct labou 760 Variable overhead 3.90 Fised overhead 5.10 25.00 The fixed overhead charged to each unit of the product is based on a monthly production and sales of 2,000 units The budgetol selling price of product X is kids 35 per unit During October the actual production and sales amounted to 2.1.50 units and costs incurred and sales revenue achieved were as follows Deect monerial 18.100 Thieret labour Variable overhead 8.16 Fixed overhead 9950 68 Required Sales rewa Calculate the following variances Dinec mierial total une Duas labour total variance Overhead sal variance Selling price varianc 120marks