Problem 4 The Fenton company manufactures one product and provides you with the following information for the year 2019 Normal direct labor hour Standard fixed overhead rate Standard fixed overhead cost per unit Units manufactured- actual Actual direct labor hours Actual overhead- Variable Fixed 155,000 P4.00 P10.00 60,000 148,000 P475,000 632,500 P1,085,000 Total budgeted overhead Required: 1. Compute the variable overhead spending and efficiency variances Compute the fixed overhead spending and volume varia 3. Compute the variances using 2-way method 4. Compute the variances using 3-way method 5. Compute the variances using 4-way method 2. 2.