Required information Use the following information for the Quick Study below. The following information applies to the questions displayed below) Mosaic Company applies overhead using machine hours and reports the following information. Actual machine hours used (AH) Standard machine hours (for actual production) (SH) 5,950 hours Actual variable overhead rate per hour (AVR) Standard variable overhead rate per hour (SVR) 5, 500 hours s 4.85 4.70 QS 21-19A Overhead spending and efficiency variances LO P4 Compute the variable overhead spending variance and the variable overhead efficiency variance Flexible Standard Cost