please answer within the format by providing formula the detailed working Please provide answer in text (Without image) Please provide answer in text (Without image) Please provide answer in text (Without image)

Best, Inc. uses a standard cost system and provides the following information Eff(Click the icon to view the information.)X Data table Static budget variable overhead $2,300 Static budget fixed overhead $3,450 Static budget direct labor hours 1,150 hours Static budget number of units 575 units Standard direct labor hours 2 hours per unit\f1. Compute the variable overhead cost and efficiency variances and fixed overhead cost and volume variances. 2. Explain why the variances are favorable or unfavorable