Alden Company uses a two-variance analysis for overhead variances. Practical capacity is defined as 38 setups and 38,000 machine hours to manufacture 9,500 units for the year. Selected data for 2016 follow: Budgeted fixed factory overhead: S 102,600 oine 115,000 $ 217,600 $ 487,000 s 700 Total factory overhead incurred Variable factory overhead rate: Per setup Per machine hour Total standard machine hours allowed for the units manufactured Machine hours actually worked Actual total number of setups 7 28,000 hours 31,500 hours 34 Required: 1. Compute (a) the total overhead spending variance, (b) the overhead efficiency variance, and (c) the total overhead flexible-budget variance for 2016. Spending variance Efficiency variance Flexible-budget variance Alden Company uses a two-variance analysis for overhead variances. Practical capacity is defined as 38 setups and 38,000 machine hours to manufacture 9,500 units for the year. Selected data for 2016 follow: Budgeted fixed factory overhead: S 102,600 oine 115,000 $ 217,600 $ 487,000 s 700 Total factory overhead incurred Variable factory overhead rate: Per setup Per machine hour Total standard machine hours allowed for the units manufactured Machine hours actually worked Actual total number of setups 7 28,000 hours 31,500 hours 34 Required: 1. Compute (a) the total overhead spending variance, (b) the overhead efficiency variance, and (c) the total overhead flexible-budget variance for 2016. Spending variance Efficiency variance Flexible-budget variance