Kensington Corporation provided the following information from the standard cost sheet of one of its products:

Variable overhead: 4 hours × $4.00 per hour $16.00

Fixed overhead: 4 hours × $6 per hour $24.00

The following information is available regarding the company's operations for the period:

Units produced: 11,000

Direct labor: 45,000 hours costing $660,000

Overhead incurred:

Variable $189,000

Fixed $250,000

The budgeted fixed overhead for the period is $240,000, and the standard fixed overhead rate is based on an expected capacity of 40,000 direct labor hours.

Required: Compute the following variances: [Label them as favorable (F) or unfavorable (U).]

1. Variable Overhead Spending Variance

2. Variable Overhead Efficiency Variance

3. Fixed Overhead Spending Variance

4. Fixed Overhead Volume Variance