Calgary Paper Company produces paper for photocopiers. The company has developed standard overhead rates based on a monthly capacity of 180,000 direct-labor hours as follows: 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 $860,000 was fixed. Required: Prepare two exhibits similar to Exhibit 116 and Exhibit 118 in the chapter that show the following variances. State whether each varlance is favorable, unfavorable, positlve, or negative, where appropriate. 1. Variable-overhead spending varlance. 2. Variable-overhead efficiency variance. 3. Fixed-overhead budget variance. 4. Fixed-overhead volume variance. Complete this question by entering your answers in the tabs below. Variable-Overhead Spending And Efficiency Variances. Note: Select "None" and enter "0" for no effect (i.e., zero variance). Round "Actual Rate" and "Standard Rate" to 2 decimal places