1.Fenton company manufactures one product and provides you with the following information for the year 2019

Normal direct labor hour 155,000

Standard fixed overhead rate P 4.00

Standard fixed overhead cost per unit P 10.00

Units manufactured-actual 60,000

Actual direct labor hours 148,000

Actual overhead- variable 475,000

Fixed 632,500

Total budgeted overhead 1,085,000

Required:

1.Compute the variable overhead spending and efficiency variances

2.Compute the fixed overhead spending and volume variances

3.Compute the variances using 2-way method

4.Compute the variances using 3-way method

5.Compute the variances using 4-way method