Q3. A company follows the system of standard costing. The records of the company reveal the following information for the month of May: Budgeted Actual Number of man-hours 8000 8600 Number of working days 20 Overhead rate per hour 1.00 22 Hours per unit of output 20 Fixed Overheads incurred 7,200 Number of units produced 450 units For the month of May, calculate the following variances for fixed overheads: () Overhead Cost variance (ii) Overhead Volume variance Overhead Efficiency variance (iv) Overhead Capacity variance (v) Overhead Budget variance (vi) Calendar variance