7 E9-13 (Algo) Calculating Variable Manufacturing Overhead Variances [LO 9-5] 2 points Lamp Light Limited (LLL) manufactures lampshades. It applies variable overhead on the basis of direct labor hours. Information from LLL's standard cost card follows: 02:45:33 Variable manufacturing 0.6 Standard Standard Quantity Rate $0.80 Standard Unit Cost $0.48 overhead eBook Hint During August, LLL had the following actual results: Print Units produced and sold 26,100 References Actual variable overhead Actual direct labor hours 16,800 $ 9,570 Required: Compute LLL's variable overhead rate variance, variable overhead efficiency variance, and over- or underapplied variable overhead. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) Variable Overhead Rate Variance Variable Overhead Efficiency Variance Variable Overhead Spending Variance