Intel implements standard costing for its semiconductor production. In August 2041, the following data is provided:

• Standard Overhead Rate per Unit: $15
• Actual Overhead Rate per Unit: $18
• Standard Units: 200,000
• Actual Units: 190,000

Requirements:

• Calculate the overhead spending variance.
• Calculate the overhead efficiency variance.
• Prepare a variance analysis report.
• Recommend strategies to control overhead costs.