DodoCards is a small-size company producing playing cards for kids. The following data was obtained from the records of the standard costing system at the company. Production per month Assume 8 hours/day Working days Fixed overhead Variable overhead Required: Budgeted 2,500 units 25 $50,000 $15,000 Actual 2,000 units 26 $45,000 $15,000 Compute the price and efficiency variances for the monthly variable overhead (VOH) and the spending and volume variances for the monthly fixed overhead (FOH), based on the assumption that both VOH and FOH are applied based on budgeted production hours. Interpret the variances with (F) for favourable and (U) unfavourable variances.