ABC Company manufactures widgets. Both variable and fixed overhead are allocated to widgets produced using machine hours. The actual units produced for March was 1,900 widgets. Budgeted production in units was 2,000 widgets. The following data is available for March:

Variable overhead:

Standard (budgeted) Variable overhead rate per hour:$8 per machine hour

Standard (budgeted) machine hours per unit0.6 machine hours

Actual total variable overhead costs:$9,450

Actual machine hours used:1,220

Fixed overhead:

Standard (budgeted) machine hours per unit0.6 machine hours

Total Budgeted Fixed Overhead (Static Budget)$45,600

Fixed Overhead rate variance:$3,000 favorable

51. The Variable Overhead Spending (Rate) Variance is:

a)$310 U

b)$310 F

c)$640 U

d)$640 F

52. The Variable Overhead Efficiency Variance is:

a)$310 U

b)$310 F

c)$640 U

d)$640 F

53. The Fixed Overhead Spending (Rate) Variance is:

a)$3,000 F

b)$3,000 U

c)$2,280 F

d)$2,280 U

54. The Fixed Overhead Production Volume Variance is:

a)$3,000 F

b)$3,000 U

c)$2,280 F

d)$2,280 U