Montoursville Control Company, which manufactures electrical switches, uses a standard-costing system. The standard production overhead costs per switch are based on direct-labor hours and are as follows: Variable overhead (5 direct-labor hours @ $12.00 per hour) Fixed overhead (5 direct-labor hours @ $24.00 per hour)* Total overhead $ 60 120 $ 180 *Based on capacity of 306,000 direct-labor hours per month. The following information is available for the month of October. Variable overhead costs were $4,980,000. Fixed overhead costs were $7,425,000. 58,200 switches were produced, although 61,200 switches were scheduled to be produced. 287,000 direct-labor hours were worked at a total cost of $5,025,000. Required: Compute the variable-overhead spending and efficiency variances and the fixed- overhead budget and volume variances for October. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "O" for no effect (i.e., zero variance).) Variable-overhead spending variance Variable-overhead efficiency variance Fixed-overhead budget variance Fixed-overhead volume variance