Advance read company has a standard cost system in which manufacturing overhead is applied to units of product on the basis of direct labor hours (DLHs). The following standard are based on 200,000 direct labour hours:

Variable overhead 4 DLHs @3 per DLH=12 pesos per unit Fixed overhead 4 DLHs @4 per DLH=16pesos per unit

The following information pertains to operation during March:

Unit produced - 40,000 Actual direct labor hours worked - 160,000 Actual manufacturing overhead incurred: Variable overhead - 500,000 Fixed overhead - 768,000

Required: Q1. What is the Variable operating cost variance? Q2. What is the Fixed operating cost variance?

KINDLY SHOW SOLUTION PLS. NEEDED ASAP