Finale Company applies overhead to production using standard costing techniques. Smersh is one of their products. Fixed overhead .cs budgeted at $8,000,000 and is applied to Smersh using a standard rate of $800 per unit based on Finale's planned production of 10,000 units of Smersh. Variable overhead is applied to Smersh based on labor hours. During 2021, Finale planned to produce 10.000 units of Smersh, but due to the loosening of Covid-19 restrictions, demand for Smersh increased and the company produced 14,000 units. The standard labor quantity for each unit of Smersh is 2 hours, and the predetermined variable overhead rate was $11 per labor hour. Finale actually used 27.500 labor hours in the production of Smersh. Actual fixed overhead for 2021 was $8,172.00 and actual variable overhead was $305,000. Calculate the following variances: 1. $2.500 Favorable 2. $2,500 Unfavorable 3. $3,000 Favorable 4. $3,000 Unfavorable Variable overhead spending variance 5. $5,500 Favorable Fixed overhead volume variance 6. $5,500 Unfavorable 7. $172,000 Favorable Variable overhead efficiency variance 00 8. $172,000 Unfavorable Fixed overhead budget variance 9. $3,028,000 Favorable 10. $3,028,000 Unfavorable 11. $3,200,000 favorable 12. $3,200,000 unfavorable