The standard product of Standard ltd is budgeted to sell at 21 per Unit with a total sales of 8,000 Units budgeted in May. The product is made by 0.5 kg of material at a standard cost of 8.50/kg. It is worked on by hand by employees for a standard of 15 minutes per unit at a standard rate of 20/hour. Monthly fixed costs are budgeted at 37,000.

Sales Revenue (7,800 Units)	164,580
Materials (3,950 kg)	33,180
Labour (1,980 hrs)	39,402
Fixed Costs	37,500

There were no inventories at the start or at the end of May, i.e. the company produced only the output that was effectively sold.

mothly statement	budget	actual	flexed
units	8000	7000	7000
sales	168000	152600	147000
material	34000	30000	29750
labour	40000	39160	35000
O/H	37000	38000	37000
operating profit	57000	45440	45250

Calculate the following variances, and are they favourable or adverse?

a) The sales volume variance

b) The sales price variance

c) The material usage variance

d) The material price variance

e) The labour efficiency variance

f) The labour rate variance

g) The fixed overhead variance