ABC Extract Chemical Company produces a chemical used in diary products. Its accounting system uses standard costs:

• The standards per half gallon can of chemical call for 0.65 gallons of material 1.5 hours of labor.
• 0.65 gallons of material are needed to produce a 0.5 gallon can of produ.
• The standard cost per gallon of material is $5.25.
• The standard cost per hour for labor is $11.75.
• Overhead is applied at the rate of $8.90 per can.
• Expected production is 19,000 cans with fixed overhead per year of $34,000.
• Variable overhead of $6.95 per unit (a half gallon can).

During 2015:

• 18,000 cans were produced.
• 14,000 gallons of material were purchased at a cost of $87,750.
• 143,500 gallons of material were used in production.
• The cost of direct labor incurred in 2015 was $460,000 based on an average actual wage rate of $11.25 per hour.
• Actual overhead for 2015 was $170,000.

Calculate the overhead variances and indicate if each is favorable or unfavorable.