The following information for 2013 is for Morgan Corporation, which uses standard costing:

Static-budget machine-hours ..............33,000

Fixed overhead budget costs ..............$ 5,940,000

Fixed overhead actual costs .............. $ 5,400,000

Variable overhead actual costs ..............$11,520,000

Variable overhead rate per machine-hour ......... $ 360

Actual machine hours used ..............30,000

Budgeted machine-hours allowed for actual output .....35,000

REQUIRED

1. Calculate variable overhead rate variance and efficiency variance.

2. Compute fixed overhead rate variance and production-volume variance.