Kensington Corporation provided the following information from the standard cost sheet of one of its products:

Variable overhead	4 hours $4.00 per hour	$16.00
Fixed overhead	4 hours $6 per hour	$24.00

The following information is available regarding the company's operations for the period:

Units produced	11,000
Direct labor	45,000 hours costing $660,000
Overhead incurred
Variable	$189,000
Fixed	$250,000

The budgeted fixed overhead for the period is $240,000, and the standard fixed overhead rate is based on an expected capacity of 40,000 direct labor hours.

Required:

Compute the following variances: [Label them as favorable (F) or unfavorable (U).]

1. Variable Overhead Spending Variance
2. Variable Overhead Efficiency Variance
3. Fixed Overhead Spending Variance
4. Fixed Overhead Volume Variance