Please answer both if possible

Priority is 8-36

guired 8-35 Overhead variances, missing information. Aasbi Printing prepared its budget at 10,000 machine hours. Aasbi reported a 7,500 unfavorable spending variance for fixed overhead and a 2,500 unfa- vorable spending variance for variable overhead. The budgeted variable overhead rate is 50 per machine hour. The input allowed for actual output was 9,900 machine hours. Actual machine hours were 9,800, and actual total overhead costs were 18,00,000. 1. Compute variable overhead efficiency variance, flexible-budget variance, and the amount underal- located or overallocated. 2 Calculate fixed overhead production-volume variance, flexible-budget variance, and the amount underallocated or overallocated. 8-36 Flexible-budget variances. The Times of India budgets to produce 3,00,000 copies of its monthly magazine (the output unit) for August. It is budgeted to have 50 print pages per magazine. Actual production was 3,20,000 copies, with 17,280,000 print pages run. Each magazine had only 50 print pages, but quality problems with paper led to many pages being unusable, Variable costs are direct materials, direct labor, and variable indirect costs. Variable and fixed indirect costs are allocated to each copy on the basis of good print pages. The driver for all variable costs is the number of print pages. Data pertaining to August are: Budgeted Actual Direct materials 25,40,000 26,73,920 Direct labor 1,35,000 1,50,336 Variable indirect 1,80,000 1,91,808 Fixed indirect 2,70,000 2,91,000 CHAPTER 8 FLEXIBLE BUDGETS, OVERHEAD COST VARIANCES, AND MANAGEMENT CONTROL. 455 The actual direct labor rate was e87 per hour. Actual and budgeted pages produced per direct labor- hour were 10.000 print pages. Data pertaining to revenues for Times of India in August are: Budgeted Actual Circulation revenue 34,20,000 34,62,000 Advertising revenue 10,60,000 11,83.800 The Magazine sells for 1.50 per copy. Copies produced but not sold have no value. Advertising rev- enues covers receipts from all advertising sources 1. Prepare a comprehensive set of flexible-budget variances for the two direct-cost items (using Exhibit 7-3) and the two indirect-cost items (using Exhibit 8-3) for The Times of India. 2. Comment on the results in requirement 1. Required