Use the following information of Alfred Industries.

Standard manufacturing overhead based on normal monthly volume:Fixed ($303,800 20,000 units)$15.19Variable ($100,000 20,000 units)5.00$20.19Units actually produced in current month18,000unitsActual overhead costs incurred (including $300,000 fixed)$383,800

Compute the overhead spending variance and the volume variance.(Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "0" for no effect (i.e., zero variance).)