5 Montoursville Control Company, which manufactures electrical switches, uses a standard-costing system The standard production overhead costs per switch are based on direct-labor hours and are as follows 2 points Variable overhead (5 direct-labor hours @ $13.00 per hour) Fixed overhead (5 direct-labor hours $23.00 per hour)* $ 65 115 $180 Total overhead "Based on capacity of 308,500 direct-labor hours per month The following information is available for the month of October . Variable overhead costs were $5,580,000 . Fixed overhead costs were $8,175,000 . 58,700 switches were produced, although 61,700 switches were scheduled to be produced . 292,000 direct-labor hours were worked at a total cost of $5,525,000 Required: Compute the variable-overhead spending and efficiency variances and the fixed-overhead budget and volume variances for October. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter"0" for no effect (i.e., zero variance).) Answer is complete but not entirely correct. nding variance 1.784.0favorable Variable-overhead spending variance Variable-overhead efficiency variance Fixed-overhead budget variance Fixed-overhead volume variance 1,784,000 (19,00 Favorable 1.079.500Unfavorable S 379,500 Unfavorable