Can you explain requirement 2 I am having difficulty figuring theses questions

PM8-32B (book/static) i Data Table - X Headset manufactures headphone cases. During September 2024, the company produced and sold 10 i Requirements EE (Click the icon to view the cost data.) Standard Cost Information Read the requirements. 1 . Compute the cost and efficiency variances for direct materials and direct Quantity Cost labo Requirement 1. Compute the cost and efficiency variances for direct materials and direct labor. 2. For manufacturing overhead, compute the variable overhead cost and Direct Materials 2 parts $0.16 per part efficiency variances and the fixed overhead cost and volume variances. Direct Labor 0.02 hours 11.00 per hour Begin with the cost variances. Select the required formulas, compute the cost variances for direct mate 3 Headset's management used better quality materials during September. standard cost; SQ = standard quantity.) Variable Manufacturing Overhead 0.02 hours 8 per hour Discuss the trade-off between the two direct material variances. Fixed Manufacturing Overhead ($30,720 for static budget volume of 96,000 Formula Variance units and 1,920 hours, or $16 per hour) Direct materials cost variance (AC - SC) x AQ $ 10,450 Print Done Actual Cost Information Direct labor cost variance (AC - SC) x AQ 162 Direct Materials (209,000 parts @ $0.21 per part) $ 43,890 Next compute the efficiency variances. Select the required formulas, compute the efficiency variances for direct materials and direct labor, and identify whether each variance is favorable (F) or Direct Labor (1,620 hours @ $11.10 per hour) 17,982 overhead; SC = standard cost; SQ = standard quantity.) Variable Manufacturing Overhead 9,000 30,000 Formula Variance Fixed Manufacturing Overhead Direct materials efficiency variance (AQ - SQ) x SC = $ 480 F 11 Direct labor efficiency variance (AQ - SQ) x SC 5,500 Print Done Requirement 2. For manufacturing overhead, compute the variable overhead cost and efficiency variances and the fixed overhead cost and volume variances. Now compute the variable overhead cost and efficiency variances. Select the required formulas, compute the variable overhead cost and efficiency variances, and identify whether each variance is favorable (F) or unfavorable (U). (Abbreviations used: AC = actual cost; AQ = actual quantity, FOH = fixed overhead; SC = standard cost; SQ = standard quantity, VOH = variable overhead.) Formula Variance VOH cost variance AC - SC) X AQ 3960 F VOH efficiency variance AQ - SQ) x SC 11 3760 F