Simpson Manufacturing has the following standard cost sheet for one of its products:

		Total
Direct materials	5 pounds at $2 per pound	$ 10
Direct labor	2 hours at $25 per hour	50
Variable factory overhead	2 hours at $5 per hour	10
Fixed factory overhead	2 hours at $20 per hour	40
Cost per unit		$ 110

The company uses a standard cost system and applies factory overhead cost based on direct labor hours and determines the factory overhead rate based on a practical capacity of 400 units of the product.

Simpson has the following actual operating results for the year just completed:

Units manufactured	390
Direct materials purchased and used	1,950	pounds	$ 21,450
Direct labor incurred	900	hours	24,300
Variable factory overhead incurred			5,760
Fixed factory overhead incurred			15,800

Before closing the periodic accounts, the (standard cost) entries in selected accounts follow:

Account	Debit (total)	Credit (total)
Work-in-process inventory	$ 198,000	$ 149,640
Finished goods inventory	149,640	126,690
Cost of goods sold	126,690

2. Compute the following factory overhead cost variances using a four-variance analysis:

a. Total variable overhead cost variance.

b. Variable overhead spending variance.

c. Variable overhead efficiency variance.

d. Total underapplied or overapplied variable overhead.

e. Fixed overhead spending variance.

f. Fixed overhead production volume variance.

g. Total fixed overhead cost variance.

h. Total underapplied or overapplied fixed overhead.