Mcneilly co manufactures one product, and the entire product is sold as soon as it is produced. There are no opening or closed inventories and work in progress is negligible. The company operates a standard costing system and analysis of variances is made every month. The standard cost card for the product, a boomerang, is as follows. Standardcostcard-boomerang £ Direct materials0.5 kilos at £4 per kilo2.00 Direct wages2 hours at £2.00 perhour 4.00 Variable overheads2 hours at £0.30 perhour 0.60 Fixed overhead2 hours at £3.70 perhour 7.40 Standard cost14.00 Standard profit6.00 Standing selling price20.00 Selling and administration expenses are not included in the standard cost, and are deducted from profit as a period charge. Budgeted output for the month of June was 5,100 units. Actual result for June year 7 was as follows. Production of 4,850 units was sold for £95,600. Materials consumed in production amounted to 2,300 kgs at a total cost of £9,800. Labour hours paid and worked for amounted to 8,000 hours at a cost of £16,800. Variable overheads amounted to £2,600. Fixed overheads amounted to £42,300. Selling and administration expenses amounted to £18,000. Required: Calculate all variances for the month ended 30 June year 2017