labe Gannon Crporation produces paper. The company has developed standard overhead rates b-on "monthly capacity of 180,000 direct-labor hours as follows: Standard costs per unit (one box of paper) Variable overhead 2 direct-labor hours @ 53 per hour) s 6 Fixed overhead (2 direct-labor hours (@ S5 per hour) 10 s16 Total standard cost per unit of output During April, 90,000 units were scheduled for production: however, only 80,000 units were actually produced. The following data relate to April. Actual direct-labor cost incurred was $1,567,500 for 165,000 actual hours of work. Actual overhead incurred totaled $1,371,500, of which $511,500 was variable and $860,000 was fixed. 2. Required Compute the following variances for the month of April, indicating whether each variance is favorable or unfavorable. sto obtain credit Variable-overhead spending variance. Variable-overhead efficiency variance. 3. Fixed-overhead budget variance. 4. Fixed-overhead volume variance