ABN Corp. has the following information about its standards and production activity in May: 
Required: Calculate and show calculations for each of the following variances:
1. Variable overhead flexible-budget (FB) variance.
2. Fixed overhead spending variance.
3. Fixed overhead production volume variance.
4. Provide and interpretation of each of the above variances.
Definitions:
Cross-sequential Research
A research method combining both cross-sectional and longitudinal designs to analyze variables over time across different cohorts.
Mental Abilities
The cognitive functions and capabilities of the mind, including reasoning, memory, comprehension, and problem-solving.
Cohort Differences
Variations in characteristics, experiences, or outcomes among groups of people who share a particular common demographic experience, such as year of birth.
Operant Conditioning
Operant conditioning is a learning process wherein behavior is modified by reinforcement or punishment, a principle established by B.F. Skinner in behavioral psychology.
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