Answer questions using the information below:

Thinnews Co., uses machine hours to allocate manufacturing overhead cost to outputs:

Actual total overhead cost incurred	$	24,000
Actual fixed overhead cost incurred	$	10,000
Budgeted fixed overhead cost	$	11,000
Actual machine hours		5,000
Standard machine hours allowed for the units manufactured		4,800
Denominator level machine hours		5,500
Standard variable overhead rate per machine hour	$	3.00

What is variable overhead spending variance?

Group of answer choices

$960 favorable

$1,400 unfavorable

$1,100 favorable

$1,000 favorable

What is variable overhead efficiency variance?

Group of answer choices

$600 unfavorable

$1,500 favorable

$560 unfavorable

$2,100 unfavorable

What is fixed overhead spending variance?

Group of answer choices

$3,000 favorable

$3,000 unfavorable

$1,000 favorable

$1,000 unfavorable

What is production volume variance?

Group of answer choices

$2,400 favorable

$1,500 unfavorable

$1,000 unfavorable

$1,400 unfavorable