Gala Enterprises collected the following data regarding production of one of its products. Compute the

variable overhead cost variance, the variable overhead spending variance, the variable overhead

efficiency variance, the fixed overhead cost variance, the fixed overhead spending variance, and

the fixed overhead volume variance.

Direct labor standard $(2$ hours @ $$15/$hour$)$

$$30\mathrm{.}00$ per finished unit

Actual direct labor hours

$60,800$ hours

Budgeted units

$31,000$ units $30,000$ units

Actual finished units produced

$30,000$ units er finished unit

Standard variable OH rate $(2$ hours @ $$\frac{14\mathrm{.}00}{?}$ hour$)$ $$28\mathrm{.}00$ per finished unit

Standard fixed OH rate units$)$

$$857,600$

Actual variable overhead costs incurred

$$312,000$

Actual fixed overhead costs incurred