Flandro Company uses a standard cost system and sets its predetermined overhead rate on the basis of direct labor-hours. The following data are taken from the companys planning budget for the current year:

Denominator activity (direct labor-hours)	18,000
Variable manufacturing overhead cost	$ 60,300
Fixed manufacturing overhead cost	$ 144,900

The standard cost card for the companys only product is given below:

Inputs	(1) Standard Quantity or Hours		(2) Standard Price or Rate		Standard Cost (1) (2)
Direct materials	4	yards	$ 2.15	per yard	$ 8.60
Direct labor	2	hours	$ 9.50	per hour	19.00
Manufacturing overhead	2	hours	$ 11.40	per hour	22.80
Total standard cost per unit					$ 50.40

During the year, the company produced 9,360 units of product and incurred the following actual results:

Materials purchased, 59,400 yards at $2.05 per yard	$ 121,770
Materials used in production (in yards)	38,610
Direct labor cost incurred, 19,000 hours at $8.15 per hour	$ 154,850
Variable manufacturing overhead cost incurred	$ 59,650
Fixed manufacturing overhead cost incurred	$ 122,550

Required:

Compute the variable overhead rate and efficiency variances. Also, compute the fixed overhead budget and volume variances.