Calgary Paper Company produces paper for photocopiers. The company has developed standard overhead rates based on a monthly capacity of 62,000 direct-labor hours as follows: Standard costs per unit (one box of paper): Variable overhead (2 direct-labor hours @ $4.5$ 9 per hour) Fixed overhead (2 direct-labor hours @ $10 per hour) Total 20 $29 During April, 31,000 units were scheduled for production; however, only 26,000 units were actually produced. The following data relate to April. 1. Actual direct-labor cost incurred was $848,000 for 53,000 actual hours of work. 2. Actual overhead incurred totaled $843,800, of which $243,800 was variable and $600,000 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 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. Req 1 and 2 Req 3 and 4 Variable-Overhead Spending and Efficiency Variances. (Select "None" and enter "0" for no effect (ie., zero variance). Round "Actual Rate" and "Standard Rate" to 2 decimal places.) Variable-Overhead Spending And Efficiency Variances (Hours = Direct-Labor Hours) (1) (2) (3) (4) Actual Variable Overhead Projected Variable Overhead Flexible Budget: Variable Overhead Variable Overhead Applied To Work-In-Process Actual Qty (AQ) 53,000 hours Actual Rate Standard x (AVR) Actual Qty (AQ) x S 4.80 per hour 1,000 x $ hours Rate (SVR) 4.50 per hour Standard Allowed Qty (SQ) Standard Rate (SVR) Standard Allowed Qty (SQ) Standard Rate x (SVR) 52,000 x S hours 4.50 per hour hours per hour $243,000 $ 4,500 $ 234,000 $ 5,300 Unfavorable 1,500 Unfavorable 20,000 Variable overhead spending variance Variable overhead efficiency variance No difference < Req 1 and 2 Req 3 and 4 >