! Required information Use the following information for the Exercises below. Crystal Glassware Company has the following standards and flexible-budget data. Standard variable-overhead rate Standard quantity of direct labor Budgeted fixed overhead. Budgeted output Actual results for April are as follows: Actual output Actual variable overhead Actual fixed overhead Actual direct labor $ 6 per direct-labor hour 2.0 hours per unit of output $ 144,000 36,000 units) 28,800 units $460,800 $ 139,680 72,000 hours EX 11-22 (Algo) Straightforward Computation of Overhead Variances (LO 11-5) Required: Use the variance formulas to compute the following variances. Note: Indicate the effect of the first three variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "O" for no effect (i.e., zero variance). Select "Positive" or "Negative" for the Fixed-overhead Volume variance. 1. Variable-overhead spending variance $ 20,000 Unfavorable. 2. Variable-overhead efficiency variance $ 60,000 Favorable. 3. Fixed-overhead budget variance $ (3,000) Favorable 4. Fixed-overhead volume variance $ 20,000 Negative