Company XYZ manufactures radios and uses direct labor hours (DLH) as its allocation base. The following information relates to the companys manufacturing overhead data for 2021:

Budgeted output	33,200 radios
Budgeted direct labor hours per radio	3.25 DLH per radio
Budgeted variable overhead rate per DLH	$8.60 per DLH
Budgeted fixed overhead rate per DLH	$14.50 per DLH
Actual output	34,700 radios
Actual direct labor hours used	91,955 DLH
Actual variable overhead cost	$919,550
Actual fixed overhead cost	$1,655,190

1. Calculate the flexible-budget variance for fixed overhead for 2021.

2.Calculate the spending variance for fixed overhead for 2021.

3.Calculate the production-volume variance for fixed overhead for 2021.

4.Calculate the flexible-budget variance for variable overhead for 2021.

5.Calculate the spending variance for variable overhead for 2021.

6.Calculate the efficiency variance for variable overhead for 2021.

7.Provide an explanation (i.e., a possible cause) for each of the following variances. What does each variance tell us about the companys performance (other than being favorable/unfavorable)?

A. Fixed overhead spending variance (from question #2)

B. Variable overhead spending variance (from question #5)

C. Variable overhead efficiency variance (from question #6)