Hennings Travel Company specializes in the production of travel items, (clocks, personal care kits). The following data were so that a variance anlysis could be performed:

Forecast Data (Expected Capacity)

Direct labor hours                 40,000

Estimated overhead:

• Fixed                         16,000
• Variable                     $ 30,000

Actual Results:

Direct labor hours                  37,200

Overhead:

• Fixed                           $16,120
• Variable                       $ 28,060

The number of standard hours allowed for actual production was 37,000.

1- Calculate the variable overhead spending variance.

2- Calculate the variable overhead efficiency variance.

3- Calculate the fixed overhead volume variance.

4- Calculate the fixed overhead spending variance.