iz Saved Help Save& Exit Submit Calgary Paper Company produces paper for photocopiers. The company has developed standard overhead rates based on a monthly capacity of 84,000 direct-labor hours as follows: Standard costs per unit (one box of paper): Variable overhead (4 direct-labor hours e $5) $0 Fixed overhead (4 direct-labor hours 12) Total 48 $68 During April, 25,000 units were scheduled for production: however, only 19,000 units were actually produced. The following data relate to April. 1. Actual direct-labor cost incurred was $1,638,000 for 78,000 actual hours of work. 2. Actual overhead incurred totaled $1.363,400, of which $413,400 was variable and $950,000 was fixed. Required Prepare two exhibits similar to Exhibit 11-6 and Exhibit 11-8, which show the following variances. State whether each variance is favorable or unfavorable, where appropriate. 1. Variable-overhead spending variance 2. Variable-overhead efficiency variance. 3. Fixed-overhead budget variance. 4. Fixed-overhead volume variance. Prev 1 of1 Next> 27 Aa