At the beginning of the year, Kamber Company had the following standard cost sheet for one of its pesticide products, Pesticide AX2:

Cost Sheet: Pesticide AX2

Direct materials (5 lbs. @ $1.40) $7.00

Direct labor (2 hrs. @ $12.00) 24.00

FOH (2 hrs. @ $3.00) 6.00

VOH (2 hrs. @ $1.50) 3.00

Standard cost per unit $40.00

Kamber computes its overhead rates using budgeted volume of 100,000 units. The actual results for the year are as follows:

Units produced: 98,000 units

Direct Labor: 198,500 hours @ $12.20

FOH: $605,000

VOH: $297,000.

Kambers management needs help with preparing the four-variance method component variance for Pesticide Ax2.

For Requirements 1-4, calculate the variance (round variances to the nearest dollar) and select whether the variance is Favorable, Unfavorable, or Neutral:

1. Calculate the variable overhead spending variance: $ 2,228 Unfavorable

2. Calculate the variable overhead efficiency variance: $ Favorable

3. Calculate the fixed overhead spending variance: $

4. Calculate the fixed overhead volume variance: $