Starlight Glassware Company has the following standards and flexible-budget data. Standard variable-overhead rate $ 6.00 per direct-labor hour Standard quantity of direct labor 2 hours per unit of output Budgeted fixed overhead $ 96,000 Budgeted output 24,000 units Actual results for February are as follows: Actual output 19,000 units Actual variable overhead $ 304,000 Actual fixed overhead $ 92,000 Actual direct labor 45,000 hours Required: Use the variance formulas to compute the following variances. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "0" for no effect (i.e., zero variance).)

Starlight Glassware Company has the following standards and flexible-budget data. Standard variable-overhead rate 6.00 per direct-labor hour Standard quantity of direct labor Budgeted fixed overhead Budgeted output 2 hours per unit of output $96,000 24,000 units Actual results for February are as follows Actual output Actual variable overhead Actual fixed overhead Actual direct labor 19,000 units $304,000 $ 92,000 45,000 hours Required Use the variance formulas to compute the following variances. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "O" for no effect (i.e., zero variance).) 1. Variable-overhead spending Unfavorable variance Variable-overhead efficiency variance $42,000 Unfavorablee 4,000 Favorable 3. Fixed-overhead budget variance 4. Fixed-overhead volume variance $ Unfavorable