Calgary Paper Company produces paper for photocopiers. The company has developed standard overhead rates based on a monthly capacity of 93,000 direct-labor hours as follows: Standard costs per unit (one box of paper): Variable overhead (2 direct-labor hours @ $6 per hour) Fixed overhead (2 direct-labor hours @ $10 per hour) Total $12 20 $32 During April, 38,000 units were scheduled for production; however, only 32,000 units were actually produced. The following data relate to April. 1. Actual direct-labor cost incurred was $1,608,000 for 67,000 actual hours of work. 2. Actual overhead incurred totaled $1,315,400, of which $415,400 was variable and $900,000 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. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 and 4 Answer is not complete.