Oriole Company manufactures deep-sea fishing rods, which it distributes internationally through a chain of wholesalers. The following data are taken from the budget prepared at the beginning of the year by Oriole's controller. The company applies overhead on the basis of machine hours Variable manufacturing overhead Fixed manufacturing overhead Direct labor hours Machine hours Annual Budget May Budget $2.665,200 $1,204,200 $240,000 $100.350 48,600 4050 222,100 20,000 During the month of May, Oriole used 4,220 direct labor hours and 21.820 machine hours. The flexible budget for the month allowed 4,300 direct labor hours and 21,330 machine hours. Actual foxed manufacturing overhead incurred was $109.200, variable manufacturing overhead incurred was $259,040 (a) Calculate the variable overhead spending and efficiency variances for May (Round per unit volue to 2 decimal places, eg. 52.75 and final answers to O decimal places, eg 5,725. If variance is zero, select "Not Applicable" and enter O for the amounts) Variable overhead spending variance Variable overhead efficiency variance (b) Calculate the fixed overhead spending variance for May. Of variance is zero, select "Not Applicable" and enter O for the amounts) Fixed overhead spending variance