XYZ Manufacturing produces a single product with the following standard cost per unit:

Direct materials: 4 kg at $5 per kg

Direct labor: 2 hours at $10 per hour

Variable overhead: 2 hours at $3 per hour

Fixed overhead: $10 per unit

The actual data for the month of April 2024 is:

Production: 2,000 units

Direct materials used: 8,500 kg at $4.80 per kg

Direct labor: 4,100 hours at $9.50 per hour

Actual variable overhead: $12,300

Actual fixed overhead: $22,000

Required: a. Calculate the material price variance, material usage variance, labor rate variance, and labor efficiency variance. b. Compute the variable overhead spending and efficiency variances. c. Determine the fixed overhead budget and volume variances. d. Prepare a variance analysis report and provide an interpretation of the results.