Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 and 4 VariableOverhead Spending and Efficiency Variances. (Select \"None" and enter "0" for no effect (i.e., zero variance). Round \"Actual Rate" and "Standard Rate" to 2 decimal places.) hours per hour hours per hour hours per hour hours per hour Er]: Variable-overhead spending variance Variable-overhead efciency variance No difference Req 3and4 > Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 and 4 FixedOverhead Budget and Volume Variances. (Select "None\" and enter '0" for no effect (i.e., zero variance).) X hours per hour E: :1: Fixedoverhead budget variance Fixedoverhead volume variance ( Req1and2 Calgary Paper Company produces paper for photocopiers. The company has developed standard overhead rates based on a monthly capacity of 94.000 directlabor hours as follows: Standard costs per unit (one box of paper): Variable overhead (2 direct-labor hours @ $6 per hour) $12 Fixed overhead (2 directlabor hours @ $10 per hour) 29 Total $32 During April, 39,000 units were scheduled for production; however, only 33,000 units were actually produced. The following data relate to April. 1. Actual directlabor cost incurred was $1,700,000 for 68,000 actual hours of work. 2. Actual overhead incurred totaled $1328.400, of which $428,400 was variable and $900,000 was xed. Required: Prepare two exhibits similar to Exhibit 116 and Exhibit 118 in the chapter, which show the following variances. State whether each variance is favorable or unfavorable, where appropriate. 1. Variableoverhead spending variance. 2. Variableoverhead efficiency variance. 3. Fixedoverhead budget variance. 4. Fixedoverhead volume variance