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 Variable overhead spending variance Annual Budget $2,679,600 $1,206,000 Variable overhead efficiency variance During the month of May, Oriole used 4,400 direct labor hours and 21,890 machine hours. The flexible budget for the month allowed 4,460 direct labor hours and 21,430 machine hours. Actual fixed manufacturing overhead incurred was $106,300; variable manufacturing overhead incurred was $261,580. Fixed overhead spending variance (a) Calculate the variable overhead spending and efficiency variances for May. (Round per unit value to 2 decimal places, e.g. 52.75 and final answers to O decimal places, e.g. 5,725. If variance is zero, select "Not Applicable" and enter O for the amounts.) 48,600 $ $ 223,300 $ May Budget $254,400 $100,500 4,050 21,200 (b) Calculate the fixed overhead spending variance for May. (If variance is zero, select "Not Applicable" and enter O for the amounts.)