a. s f. $ Elements of Labor and Variable Overhead Variances Chelsea Fabricating applies variable overhead to products on the basis of standard direct labor hours. Presented is selected information for last month when 10,000 units were produced. Required Solve for items "a" through "h." Direct labor Variable overhead Actual 900,000 x 241,920 x Standard hours/unit 0.25 Actual hours (total) 6,400 6,400 Standard rate/hour Actual rate $37.80 Flexible budget $90,000 $60,000 Labor rate or variable overhead spending variance c.. 11,520 U 97,100F Efficiency variances d. $ 140,400 93,600 Total flexible budget variance e. S 151,920 U $3,500 b. b. 0.25 $36.00 $24.00 h. $ 1 U Check