ONLY QUESTION 9.7 #3 AND #4

Cornerstone Exercise 9.7 Calculating the Variable Overhew.m""""-........., Variances Refer to Cornerstone Exercise 9.6 Required: 1. Calculate the variable overhead spending variance using the formula approach. (If you com CORNERSTONE 9.7 pute the actual variable overhead rate, carry your computations out to five significant digits and round the variance to the nearest dollar.) Calculate the variable overhead efficiency variance using the formula approach. Calculate the variable overhead spending variance and variable overhead efficiency variance using the three-pronged graphical approach. What ir 26,100 direct labor hours were actually worked in February? What impact would that have had on the variable overhead spending variance? On the variable overhead efficiency variance? 2. 3. 4