Quiz Company determined the following standards on January 1.

Direct materials	5 lbs. per unit	$2.00 per lb.
Direct labor	0.75 DL hrs. per unit	$18.00 per DL hr.
Variable overhead	0.75 DL hrs. per unit	$3.00 per DL hr.
Fixed overhead	0.75 DL hrs. per unit	$4.00 per DL hr.

The fixed overhead rate was based on budgeted production of 54,000 units.

The actual results for the year were as follows.

Units produced	53,000 units
Direct materials purchased	274,000 lbs. at $2.50 per lb.
Direct materials used	270,300 lbs.
Direct labor	40,100 DL hrs. at $17.95 per DL hr.
Variable overhead	$122,000
Fixed overhead	$161,700

Note: For each variance, the first blank will be the dollar amount of the variance. Give your answer using dollar signs and commas but no decimal points (cents). In the second blank, label the variance as either favorable or unfavorable.

Example:

$12,345

Favorable

[A] Determine the variable overhead spending variance, and

[B] Label the variance as either favorable or unfavorable