Catch a Wave Company manufactures surfboards. Its standard cost information follows.

Catch a Wave has the following actual results for the month of June:

Required:
Calculate the following variances for Catch a Wave.

1. Variable overhead rate variance.

2. Variable overhead efficiency variance.

3. Total over- or underapplied variable overhead.

4. Fixed overhead spending (budget) variance.

5. Fixed overhead volume variance.

6. Total over- or underapplied fixed overhead.

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Direct costs Fiberglass Direct labor Variable manufacturing overhead Fixed manufacturing overhead ($20,000/250 units) Standard Quantity Standard Price (Rate) Standard Unit Cost 15 sq. ft. $ 5 per sq. ft. $ 75.00 10 hr. 15 per hr. 150.00 6 per direct labor hour 60.00 80.00