please help answer The whole problem. disregard numbers in chart below, just use charts for outline of what I need help solving. first picture is all that was given for question other parts or what needs to be answered please help thank you. 6-21

Superior, Inc. uses a standard cost system and provides the following information Click the icon to view the information) Superior allocatos manufacturing overhead to production based on standard direct labor hours, Superior reported the following actual results for 2024 actual number of units produced, 1,000, actual variablo overhead, $5,000, actual fixed overhead, $3,500; actual direct labor hours, 1,300 Data table Requirements Static budget variable overhead Static budget fixed overhead Static budget direct labor hours Static budget number of units Standard direct labor hours $1,500 $2.250 750 hours 375 units 2 hours per unit 1. Compute the variable overhead cost and efficiency variances and fixed overhead cost and volume variances 2. Explain why the variances are favorable or unfavorable Requirement 1. Compute the variable overhead cost and efficiency variances and fixed overhead cost and volume variances Begin with the variable overhead cost and officiency varianoos. Select the required formulas, compute the variablo overhead cost and efficiency variances, and identity whether each variance is favorable (F) or unfavorable (U). (Abbreviations used AC actual cost; AQ - actual quantity, FOH = fixed overhead: SC standard cost, so standard quantity. VOH = variable overhead) Formula Variance VOH cost variance VOH efficiency variance Variable Overhead Actual quantity at Actual cost [Actual VOH] Standard cost (SC) Actual quantity (AQ) Standard quantity (SQ) per hr hours hours Variance Formula Actual VOH - (SC AQ) $ 5,000 - $ 2.00 * 1,500 VOH cost variance VOH efficiency variance (AQ - SQ) SC =( 1,500 2,000 )* $ 2.00 Fixed Overhead Actual fixed overhead costs incurred Budgeted fixed overhead costs Allocated fixed overhead costs 1111 Variance FOH cost variance FOH volume variance Formula Actual FOH - Budgeted FOH Bugeted FOH - Allocated FOH = $ 3,500 $ 3,450 $ 3,450 = $ 6,000 =