Newark Plastics Corporation developed its overhead application rate from the annual budget. The budget is based on an expected total output of 612,000 units requiring 3,060,000 machine hours. The company is able to schedule production uniformly throughout the year. Machine hours is the cost driver for overhead costs. A total of 70,000 units requiring 260,100 machine hours were produced during May. Actual overhead costs for May amounted to $703,200. The actual costs, as compared to the annual budget and to one-twelfth of the annual budget, are as follows:

NEWARK PLASTICS CORPORATION Annual Budget
	Total Amount					Per Unit					Per Machine Hour					Monthly Budget					Actual Costs for May
Variable overhead:
Indirect material		$	2,080,800				$	3.40				$	0.68				$	173,400				$	191,400
Indirect labor			1,468,800					2.40					0.48					122,400					122,400
Fixed overhead:
Supervision			1,285,200					2.10					0.42					107,100					101,100
Utilities			1,224,000					2.00					0.40					102,000					120,000
Depreciation			2,019,600					3.30					0.66					168,300					168,300
Total		$	8,078,400				$	13.20				$	2.64				$	673,200				$	703,200

Prepare a schedule showing the following amounts for Newark Plastics for May. a. Applied overhead costs. b. Variable-overhead spending variance. c. Fixed-overhead budget variance. d. Variable-overhead efficiency variance. e. Fixed-overhead volume variance.