Question: Microsoft evaluates standard costing with standard overhead rate $25/machine hour, actual rate $28/machine hour, standard hours 80,000, actual hours 85,000. Requirements: Calculate the overhead spending

Microsoft evaluates standard costing with standard overhead rate $25/machine hour, actual rate $28/machine hour, standard hours 80,000, actual hours 85,000.

Requirements:
- Calculate the overhead spending variance.
- Calculate the overhead efficiency variance.
- Prepare a variance analysis report.
- Recommend strategies to manage overhead costs.

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