g.) Fixed overhead spending variance

h.) Fixed overhead volume variance

Queens Manufacturing produces metal products with the following standard quantity and cost information: Stainless steel 5 sheets at $6.40 $ 32.00 copper 4 sheets at $8.50 $ 34.00 Direct Labor 7 hours at $20 $ 140.00 Variable Overhead 6 Machine hours at $5 $ 30.00 Fixed overhead 6 Machine hours at $4 $ 24.00 $ 260.00 Overhead rates were based on normal capacity of 8,000 machine hours. During October, the company produced 1,105 units. The following costs were incurred in October: Stainless steel 5,500 sheets used 4,500 sheets used copper Direct Labor Variable Overhead Fixed overhead Purchased 6,000 sheets at $6.20 Purchased 4,100 sheets at $ 8.20 7,700 hours $ 19 per hour $30,000 based on 5,400 hours $27,000 based on 5,400 hours Determine the following: a) Total material price variance b) Total material quantity variance c) Labor rate variance d) Labor efficiency variance e) Variable overhead spending variance f) Variable overhead efficiency variance