QUESTION O USE THE FOLLOWING INFORMATION TO ANSWER PROBLEMS 3.3.1.3.1.3.6.1.3.. and 2.1 XX Company makes watches. It uses a standard cost system and carries will inventories standard. The standard manufacturing overhead conta per wwiich we based on direct labor hours and are shown below: Variable overhead (5 hours @ 512 per direct manufacturing labor hour) 560 The following information is available: 46,000 switches were produced although 40,000 switches were scheduled to be produced. - 225,000 direct manufacturing labor hours were worked. Actual variable manufacturing overhead costs were $2,755,000 Actual fixed manufacturing overhead costs were $2,950,000; while the budgeted fixed manufacturing overhead were $2,900,000 Required: 3.a. The efficiency variance for variable overhead is S. QUESTION 10 Problem 3.a. 1. The variance type in problem 3.a above is: Favorable (F) Unfavorable (U) QUESTION 12 3.b. The spending variance for variable overhead is S. QUESTION 13 Problem 3.b. 1. The variance type in problem 3.b above is: Favorable (F) Unfavorable (U)