Calgary Paper Company produces paper for photocopiers. The company has developed standard overhead rates based on a monthly capacity of 102,000 direct-labor hours as follows: During April, 51,000 units were scheduled for production; however, only 45,000 units were actually produced. The following data relate to April. 1. Actual direct-labor cost incurred was $1,940,000 for 97,000 actual hours of work. 2. Actual overhead incurred totaled $1,362,600, of which $562,600 was variable and $800,000 was fixed Required: Prepare two exhibits similar to Exhibit 11-6 and Exhibit 11-8 in the chapter, which show the following variances. State whether each variance is favorable or unfavorable, where appropriate. 1. Variable-overhead spending variance. 2. Variable-overhead efficiency variance. 3. Fixed-overhead budget variance. 4. Fixed-overhead volume variance