Standard Cost for Product FGT Materials (10kg x 8 per kg) 80 Labour (5hrs x 6 per hr) 30 Variable O/Hds (5hrs x 8 per hr) 40 Fixed O/Hds (5hrs x 9 per hr) 45 195 Budgeted Results Production 10000 units Sales 7500 units Selling Price 300 per unit Actual Results Production 13000 units Sales 6000 units Materials 85000 kg Cost 700000 Labour 36000 hrs Cost 330900 Variable O/Hds 400000 Fixed O/Hds 500000 Selling Price 260 per unit Calculate a. Material total variance b. Material price variance c. Material usage variance d. Labour total variance e. Labour rate variance f. Labour efficiency variance g. Variable overhead total variance and all sub- variances h. Fixed Production overhead total Variance and all sub-variances i. Selling price variance j. Sales volume variance