Samsung Industries has provided the following standard data based on an expected monthly production of 25,000 units. At this level, variable overhead was expected to be $2,000,000. Materials 9.6 kg at $8.00 per kg Labour 16 hours at $24 per hour Total Overhead (fixed plus variable) 16 hours at $22 per hour Actual data for June was: Materials purchased 300,000 kg at $2,520,000 Materials used for production 265,000 kg Direct labour 452,000 hours for $10,950,000 Total Overhead (fixed plus variable) $9,360,000 Budget Variance $100,000 Unfavourable Units produced 28,000 units Required: Write neatly and show all of your work. 1) Calculate the following variances. After your calculations, make a list in your answer booklet and list the answers in the order given below, numbering them a g. This list must be made in order to earn marks on this part of this question. Round all dollar amounts to two decimal places ($0.00). a. Material price variance b. Material quantity variance c. Labour rate variance d. Labour efficiency variance e. Variable overhead spending variance f. Variable overhead efficiency variance g. Fixed overhead volume variance