Blossom Company applies overhead based on direct labour hours. Two direct labour hours are required for each unit of product. Planned production for the period was set at 9,000 units. Manufacturing overhead is budgeted at $117,000for the period (20% of this cost is fixed). The 16,260 hours worked during the period resulted in the production of 8,020 units. The variable manufacturing overhead cost incurred was $94,600 and the fixed manufacturing overhead cost was $29,000.

Calculate the variable overhead spending variance for the period. Variable overhead spending variance $ Unfavourable Calculate the variable overhead efficiency (quantity) variance for the period. Variable overhead efficiency variance $ 4 Calculate the fixed overhead budget (spending) variance for the period. Fixed overhead budget variance 4 Calculate the fixed overhead volume variance for the period. Fixed overhead volume variance 4 Is the value favourable or unfavourable