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 Aprit, 90,000 units were scheduled for production; howevet, only 80,000 units were actually produced. The following data relate to Aprit. 1. Actual direct-labor cost incurred was $1,567,500 for 165,000 octual 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 11-6 and Exh bat 11-8 in the chapter, which show the following variances. State whether each variance is favoreble or unfavorable, where appropriate. 1. Variable-overtulad spending variance. 2. Variable-overhead efficiency varlance. 3. Fixed-overhead budget varlance. 4. Fixed-overhead volume variance. ReQ 1 and 2 Reg 3 and 4 Het 1 the 8 Req3 and 4 Fixed-Overhead Budget And Volume Variances. (Select "None" and enter " 0 " for no effect (i.e., zero variance).)