Jameson Company has recorded the following journal entries once it identified various types of overhead variances during the period: 2,000 1,500 Variable overhead spending variance Fixed overhead volume variance Manufacturing overhead control Variable overhead efficiency variance Fixed overhead budget variance 700 1,500 1,300 Which of the following interpretations is FALSE? Overhead cost was under-applied during the period. Total fixed overhead variance during the period was unfavorable. 0.90 Jameson's production capacity was over-utilized during the period. After closing all variance accounts above, Cost of Goods Sold will be increased