BUDGET		UNIT	TOTAL
		$	$
PRODUCTION	(8,700 units)
Materials	4 kg @ $4.50/kg	18	156,600
Labour	5hrs @ $5/hr	25	217,500

ACTUAL		$
Production	(8,900 units)
Materials	purchased 35,464 kgs for $163,455 (used 34,928 kgs)	161,043
Labour	(45,400 hours worked and paid)	224,515

Required: Calculate the following variances:

(i) Total Materials Variance

(ii) Materials Usage Variance

(iii) Materials Price Variance

(iv) Total Labour Variance

(v) Labour Efficiency Variance

(vi) Labour Rate Variance