Fixed OH Volume Variance is incorrect.

Montoursville Control Company, which manufactures electrical switches, uses a standard-costing system. The standard production overhead costs per switch are based on direct-labor hours and are as follows 65 115 $180 Variable overhead (5 direct-labor hours $13.00 per hour) Fixed overhead (5 direct-labor hours $23.00 per hour)* Total overhead "Based on capacity of 305,500 direct-labor hours per month The following information is available for the month of October. . Variable overhead costs were $4,860,000. . Fixed overhead costs were $7,275,000 58,100 switches were produced, although 61,100 switches were scheduled to be produced. .286,000 direct-labor hours were worked at a total cost of $4,925,000. Required Compute the variable-overhead spending and efficiency variances and the fixed-overhead budget and volume variances for October (indicate the effect of each variance by selecting "Favorable" or "unfavorable". Select "None" and enter "O" for no effect (i.e., zero variance).) 1 142,000 Unfavorable $ 58,500 Favorable $248,50o Unfavorable $448,500 Unfavorable Variable-overhead spending variance Variable-overhead efficiency variance Fixed-overhead budget variance Fixed-overhead volume variance