PLEASE follow the rounding instructions because it is wrong if you dont.

Overhead Variances, Four-Variance Analysis 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 126,000 units requiring 504,000 direct labor hours. (Practical capacity is 524,000 hours.) Annual budgeted overhead costs total $826,560, of which $584,640 is fixed overhead. A total of 119,000 units using 502,000 direct labor hours were produced during the year. Actual variable overhead costs for the year were $260,900, and actual fixed overhead costs were $556,050. Required: 1. Compute the fixed overhead spending and volume variances. Fixed Overhead Spending Variance 28,590 Favorable Fixed Overhead Volume Variance 30,157 x Unfavorable 2. Compute the variable overhead spending and efficiency variances. Do not round intermediate calculations Variable Overhead Spending Variance 20,077 x Unfavorable Variable Overhead Efficiency Variance 12,480 Unfavorable Feedback Check My Work 1. The four-variance method calculates two variances for variable overhead and two variances for fixed overhead. 2. The four-variance method calculates two variances for variable overhead and two variances for fixed overhead