Check my work Exercise 16-49 (Static) Comprehensive Cost Variance Analysis (LO 16-5, 6) NSF Lube is a fast-growing chain of oil change stores. The following data are available for last year's services. NSF Lube performed 475,200 oil changes last year. It had budgeted 432,000 oil changes, averaging 10 minutes each - Standard variable labor and support costs per oil change were as follows. Direct oil specialist services: le minutes at $24 per hour Variable support staff and overhead: 7.5 minutes at $16 per hour $4 . Fixed overhead costs: Annual budget $1,036.000 Foed overhead is applied at the rate of $2.40 per ol change. Actual oil change costs Direct oil specialist services: 475,200 changes averaging 12 minutes at $26.00 per hour $2,471,040 were to search 9:30 PM Check my Direct oil specialist services: 475,200 changes averaging 12 minutes at $26.00 per hour Variable support staff and overhead: 0.14 labor-hours at $15.00 per hour K 475,200 changes Fixed overhead $2,471,840 997,920 1,200,000 Required: a. Prepare a cost variance analysis for each variable cost for last year. b. Prepare a fixed overhead cost variance analysis. Complete this question by entering your answers in the tabs below. Required A Required B Prepare a cost variance analysis for each variable cost for last year. (Do not found intermediate calculations. Indicate the effect of each variance by selecting for favorable, or "U" for unfavorable. If there is no effect, do not select either option) Price Variance Efficiency Variance Total Variance Ol specialist Variable overhead Required > here to search