Requirement 1. Compute the variable overhead cost and efficiency variances and fixed overhead Open Begin with the variable overhead cost and efficiency variances Select the required formulas, compi i overhead: SC standard cost; SQ standard quantity, VOH - variable overhead) Data Table Formula Variance TU VOH cost variance VOH efficiency variance Now compute the found overhead cost and volume variances Select the required formulas, compute = standard cost: SQ - standard quantity.) Static budget variable overhead Static budget fixed overhead Static budget direct labor hours Static budget number of units Standard direct labor hours $ 2,300 $ 2.300 1.150 hours 575 units 2 hours per unit Formula FOH cost variance FOH volume variance - Print Done Requirement 2. Explain why the variances are favorable or unfavorable, The variable overhead cont variance is unfavorable because the actual cost per direct labor hour was more than the standard cont per direct labor hour. The variable overhead efficiency variance is favorable because management used more direct labor hours than standard and variable overhead is apolled incurred) based on direct The fixed overhead cost variance is unfavorable because the total fixed overhead cost was more than the amount budgeted for total fixed overhead. The fred overhead volume variance is favorable because total fixed overhead cost allocated to units was more than the total budgeted fixed overhead cost. Sorocantung bed to production and did he was for 2018 brodu 100 0 do 9.200 drar bor hours 1300 Required to do wwwww Begin with the a dd r ess the words and from anywhere were ACO FOH VOH covere Now computad o r ed form com FO Here