C E F Please put correct answer in the underlined space provided. ABC Company has the following standards and flexible budget data: Standard variable overhead rate $ 7.20 per direct labor hour hours per unit of output Standard quantity of direct labor Budgeted fixed overhead rate Budgeted output 2.40 $ 100,000 25,000 units Standard variable overhead 14.40 per unit Standard fixed overhead $ 4.80 per unit Actual results for November are given below: Actual output 30,000 units Actual variable overhead 360,000 Actual fixed overhead $ 106,000 Actual direct labor 56,000 Direct labor hours Required: Compute the following variances and state if they are favorable or unfavorable. a) Variable manufacturing overhead spending variance (2.5 Marks) Favorable/ Unfavorable J Variable manufacturing overhead efficiency variance b) (2.5 Marks) Favorable/Unfavorable Fixed manufacturing overhead spending variance c) (2.5 Marks) 4sVorable /Unfavorable Fixed manufacturing overhead volume variance (2.5 Marks) d)