The Following Information Was Compiled by Baker Company Compute the Following Variances:
A

The following information was compiled by Baker Company: $\begin{array}{ll}\text { Exp ected volume of production } & 50,000 \text { units } \\\text { Actual level of production } & 47,500 \text { units } \\\text { Budgeted fixed overhead } & \$ 400,000 \\\text { Actual fixed overhead } & \$ 415,000 \\\text { Variable overhead rate p er direct- lab or } & \$ 18 \\\text { hour } &\\\text { Actual variable overhead }&\$790,000\\\text { Standard direct- lab or hours allowed }\\\text { per unit produc ed } & 1.0 \text { hour } \\\text { Standard direct- lab or rate per hour } & \$ 32.00 \\\text { Actual direct- lab or hours of input } & 46,500 \text { hours } \\\text { Actual direct- lab or rate per hour } & \$ 33.00\end{array}$ Compute the following variances:
a. Variable factory overhead flexible- budget variance
b. Fixed factory overhead flexible- budget variance
c. Fixed factory overhead production- volume variance