Compute variable overhead cost, spending and efficiency variance and fixed overhead cost, spending and volume variance.

3. Gates Company collected the following data regarding production of one of its product Compute the variable overhead cost variance, the variable overhead spending the variable overhe overhead s variance, ad efficiency variance, the fixed overhead cost variance, the fixed pending variance, and the fixed overhead volume variance Direct labor standard (2 hrs. $15 hr.) Actual direct labor hours Budgeted units Actual finished units produced Standard variable OH rate (2 hrs. $14.00 hr.) Standard fixed OH rate ($310.000 31.000 units) Actual cost of variable overhead costs incurre Actual cost of fixed overhead costs incurred $30.00 per finished unit 60,800 hrs 31.000 units 30,000 units $28.00 per finished unit $10.00 per unit $857.600 $312.000