Calgary Paper Company produces paper for photocopiers. The company has developed standard over- monthly capacity of 180,000 direct-labor hours as follows: head rates based on a Standard costs per unit (one bOx of paper) Variable overhead (2 direct-labor hours $3 per hour) Fixed overhead (2 direct-labor hours @ $5 per hour) $ 6 10 ate: $16 Total During April, 90,000 units were scheduled for production: however, only 80,000 Units were actually produced. The following data relate to April. 1. Actual direct-labor cost incurred was $1.567,500 for 165.000 actual hours of work 2. Actual overhead incurred totaled $1,371,500, of which $511,500 was variable and 5850,000 was fixed. Prepare two exhibits similar to Exhibits 11-6 and 11-8 in the chapter, which show the following Required: variances. State whether each variance is favorable or unfavorable, where appropriate. Variable-overhead spending variance. Variable-overhead efficiency variance. 1. 2. 3. Fixed-overhead budget variance. 4. Fixed-overhead volume variance