A Overhead Variances Problem-

The following information is for the third quarter of this year:

Planned

Actual

Production

92,000

units

87,000

units

Direct labor hours

506,800

DL hrs

380,000

DL hrs

Fixed manufacturing overhead

$205,000

$182,400

Variable manufacturing overhead

$910,000

$841,500

Standard direct labor hour per unit

5.5

REQUIRED:

Calculate the following three overhead variances:

1. Overhead volume variance

2. Overhead efficiency variance

3. Overhead spending variance