Overhead is applied to production based on standard labor hours.

REQUIRED
Find the values of missing information for letters A through R in the columns for Phi and PhoCompanies.

Phi Company Pho Company 5,000 Number of labor hours budgeted Standard variable overhead rate per labor hour Standard labor hours allowed per unit Actual labor hours used per unit Actual variable overhead rate per hour Fixed overhead allocation rate per hour Actual total variable overhead costs Actual total fixed overhead costs Budgeted variable overhead Budgeted fixed overhead Fixed overhead allocated to production Variable overhead spending variance Variable overhead efficiency variance Fixed overhead volume variance Total fixed overhead budget variance Number of budgeted units for this period Number of actual units produced this period $2 $4 $15,372 $23,750 $21,000 $40,000 $25,000 0 $720 U $1,000 F $540 F $840 F $600 U