3 Manltoba Paper Company packages paper for photocoplers. The company has developed standard overhead rates based on a monthly practical capacity of 80,000 direct-labor hours as follows: 10 polnts Standard costs per unlt (one box of paperj: Varlable overhead (3 hours$4) $12 Flxed overhead (3 hours $12) 36 eBook Total $48 Print During June, 26,000 units were scheduled for production; however, only 20,000 unlts were actually produced. The following data relate to June. 1 Actual overhead Incurred totaled $1.372,500, of which $472,500 was varlable and $900,000 was fixed. 2 Actual direct-labor cost Incurred was $1,425,000 for 75,000 actual hours of work Required: Prepare two exhlbits slmlar to Exhlbits 11-6 and 11-8 In the chapter, which show the following varlances. State whether each varlance Is favorable or unfavorable, where appropriate. (Select "None" and enter "O" for no effect (Le., zero varlance). Round "per hour" answers to 2 decimal places.) 1. Varlable-overhead spending varlance 2. Varlable-overhead efficlency varlance. 3Fixed-overhead budget variance. 4Fixed-overhead volume variance