Question 20 Mercuri Company has gathered the following information: Variable manufacturing overhead costs $12,600 Fixed manufacturing overhead costs $9,630 Normal production level in labour hours 9,000 Standard labour hours 9,500 During the year, 3,090 units were produced, 10,700 hours were worked, and the actual manufacturing overhead was $20,600. Actual fixed overhead totalled $9,680. Mercuri applies overhead based on direct labour hours. Calculate the fixed overhead spending variance. Fixed overhead spending variance 50 Unfavourable Calculate the variable overhead price variance. Variable overhead price variance -4060 Favourable Calculate the variable overhead quantity variance. Variable overhead quantity variance $ Calculate total manufacturing overhead variance. Total overhead variance