Otago Stationery Company manufactures cardboard folders. The company has developed standard overhead rates based on a monthly capacity of 180 000 direct labour hours (DLH) as follows: Standard costs per unit [one box of folders): Variable overhead (2 hours @ $6 per DLH} $12 Fixed overhead (2 hours @ $10 per DLH) E Total During April, 90,000 units were budgeted for production; however, only 30,000 units were produced. The following data relate to April: ' Actual direct labour cost incurred was $3,135,000 for 165,000 actual hours of work. ' Actual overhead incurred totalled $2,?43,000, of which $1,023,000 was variable and $1,720,000 was fixed. Questions: Prepare two exhibits, similar to Exhibits 11.5 {Links to an external site.) (p. 531 from your eText) and 11.6 [Links to an external site.) (p. 533 from your eText), showing the following variances. State whether each variance is favourable or unfavourable: 1. variable overhead spending variance 2. variable overhead efciency variance 3. fixed overhead budget variance 4. fixed overhead volume variance