I NEED HELP IN SPENDING VARIANCE. I WILL GIVE THUMBS UP!

Overhead Variances, Two- And Three-Variance Analyses Oerstman, Inc., uses a standard costing system and develops its overhead rates from the current annual budget. The budget is based on an expected annual output of 122,500 units requiring 490,000 direct labor hours. (Practical capacity is 510,000 hours.) Annual budgeted overhead costs total $749,700, of which $548,800 is fixed overhead. A total of 119,200 units using 488,000 direct labor hours were produced during the year. Actual variable overhead costs for the year were $242,000, and actual fixed overhead costs were $555,900. Required: 1. Compute overhead variances using a two-variance analysis. Budget Variance 53,612 Unfavorable Volume Variance 14,784 Unfavorable 2. Compute overhead variances using a three-variance analysis. Spending Variance $ 200,900 X Unfavorable Efficiency Variance $ 4,592 Unfavorable Volume Variance $ 14,784 Unfavorable