So Im doing an assignment and I'm trying to get a better/ more in depth explanation on what these variances mean. Also what can be inferred or assumed. What conclusion does it bring?

Actual Cost Incurred Variable Manufacturing Overhead Actual Input Quantity x Budgeted (Std) Rate Flexible Budget (Applied) Allocated $ 673,000 $ 652,325 $ 640,200 $ 640,200 $ 20,675 UNF | $ 12,125 UNE Spending Variance Efficiency Varience $ 32,800 UNF Flexible Budget (TOTAL) Variance Fixed Manufacturing Overhead Actual Cost Incurred Flexible Budget (Same as Static) Static FOH Budget Allocated $ 1,458,000 $ 1,300,000 $ 1,300,000 $ 1,361,905 $ 158,000 UNF Spending Variance $ 61,905 FAV Production Volume Variance $ 96,095 UNF TOTAL Fixed OH Variance Direct Materials Actual Input Quantity x Budgeted (Std) Price Flexible Budget (Applied) Actual Cost Example: $ 800,000 Purchases $ 742,000 Usage $ 698,275 $ 699,600 $ 58,000 UNF Price Variance $ 1,325 FAV Efficiency Variance NOTE: There is NO "total" variance because Price & Efficiency Variances are measured at different times for DM. Actual Cost Direct Labor Actual Input Quantity x Budgeted (Std) Rate Flexible Budget (Applied) $5,112,000 $ 6,052,500 $5,940,000 112,500 UNF $ Efficiency Variance $940,500 FAV Price Variance $ 828,000 FAV Flexible Budget (TOTAL) Variance