Exercise 11-22 Straightforward Computation of Overhead Variances (LO 11-5) Crystal Glassware Company has the following standards and flexible-budget data. Standard variable-overhead rate Standard quantity of direct labor Budgeted fixed overhead Budgeted output Actual results for April are as follows: $ 6.00 per direct-labor hour $132,000 2 hours per unit of output 22,000 units Actual output 19,000 units Actual variable overhead $342,000 Actual fixed overhead Actual direct labor $124,000 51,000 hours Required: Use the variance formulas to compute the following variances. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "O" for no effect (i.e., zero variance).) 1. Variable-overhead spending variance 2. Variable-overhead efficiency variance 3. Fixed-overhead budget variance