The drop downs for reuqirement 2 are all the same as I posted.

The dropdown I showed for requirement 1 is the same for all those related questions. No other information is needed.

Bargain Fender uses a standard cost system and provide the following information: E:: (Click the icon to view the information.) Bargain Fender allocates manufacturing overhead to production based on standard direct lab Data table d cost varianc riance. ad formulas, c vorable (F) or = actual cost; verhead.) cost and volume variances, and identify whether each variance is favorable (F) or unfavorable AC= actual cost; AQ= actual quantity; FOH= fixed overhead; SC= standard cost; SQ= standa Bargain Fender uses a standard cost system and provide the following information: (Click the icon to view the information.) Bargain Fender allocates manufacturing overhead to production based on standard direct labor hours. Bargain Fender reported the following actual results for 2024: actual number of fenders produced, 20,000; actual variable overhead, $6,100; actual fixed overhead, $35,000; actual direct labor hours, 470 . Read the requirements. Requirement 1. Compute the overhead variances for the year: variable overhead cost variance, variable overhead efficiency variance, fixed overhead cost variance, and fixed overhead volume variance. Begin with the variable overhead cost and efficiency variances. Select the relduired formulas, compute the variable overhead cost and efficiency variances, and identify whether each variance is favorable (F) or unfavorable (U). (You may need to simply the formula based on the data provided. Abbreviations used: AC= actual cost; AQ=actual quantity; FOH = fixed overhead; SC= standard cost; SQ = standard quantity; VOH= variable overhead.) Now compute the fixed overhead cost and volume variances. Select the required formulas, compute the fixed overhead cost and volume variances, and identify whether each variance is favorable (F) or unfavorable (U). (Abbreviations used: AC= actual cost; AQ= actual quantity; FOH= fixed overhead; SC= standard cost; SQ= standard quantity.) Bargain Fender uses a standard cost system and provide the following information: (Click the icon to view the information.) Bargain Fender allocates manufacturing overhead to production based on standard direct labor hours. Bargain Fender reported the following actual results for 2024: actual number of fenders produced, 20,000; actual variable overhead, $6,100; actual fixed overhead, $35,000; actual direct labor hours, 470 . Read the requirements. Requirement 2. Explain why the variances are favorable or unfavorable. The variable overhead cost variance is because management spent than budgeted for the actual production. The variable overhead efficiency variance is because management used direct labor hours than standard and variable overhead is applied (incurred) based on direct labor. The fixed overhead cost variance is because management spent than the amount budgeted for fixed overhead. The fixed overhead volume variance is because management allocated fixed overhead to jobs than was budgeted. (Click the icon to view the information.) Bargain Fender allocates manufacturing overhead to production based on standard direct labor reported the following actual results for 2024: actual number of fenders produced, 20,000; actua $6.100 : actual fived ovorhead $35.000 : actual direct lahor hours 470 Requirements 1. Compute the overhead variances for the year: variable overhead cost variance, variable overhead efficiency variance, fixed overhead cost variance, and fixed overhead volume variance. 2. Explain why the variances are favorable or unfavorable. The fixed overhead cost variance is because management spent than the a fixed overhead. The fixed overhead volume variance is because management allocated than was budgeted. Bargain Fender uses a standard cost system and provide the following information: (Click the icon to view the inforn Bargain Fender allocates manufactu reported the following actual results $6,100; actual fixed overhead, $35,C(ACSC)AQ Read the requirements. (ACSC)SQ (AQSQ)AC Requirement 1. Compute the overh (AQSQ)SC efficiency variance, fixed overhead c Begin with the variable overhead co: Actual FOH - Allocated FOH overhead cost and efficiency varianc need to simply the formula based on Actual FOH - Budgeted FOH actual = fixed overhead; SC= standard cos Bugeted FOH - Allocated FOH vOH cost variance = vOH efficiency variance = = Now compute the fixed overhead cost and volume variances. Select the required formulas cost and volume variances, and identify whether each variance is favorable (F) or unfavore AC= actual cost; AQ= actual quantity; FOH= fixed overhead; SC= standard cost; SQ=s Formula FOH volume variance = Requirement 2. Explain why the variances are favorable or unfavorable. The variable overhead cost variance is because management spent than budgeted production. The variable overhead efficiency variani zuse management used direct labor standard and variable overhead is appli unfavorable tirect labor. The fixed overhead cost variance is than the amount buc fixed overhead. The fixed overhead volume variance is because management allocated A...... L.s.... plain why the variances are favorable or unfavorable. because management spent than budgeted for the actu ead efficiency variance is because management c t labor hours thar able overhead is applied (incurred) based on direct labor. because management spent Int budgeted for ad volume variance is because management allocated fixed overhead to jobs Requirement 2. Explain why the variances are favorable or unfavorable. The variable overhead cost variance is because managemjent spent than budgeted for the actur production. The variable overhead efficiency variance is because management used direct labor hours than standard and variable overhead is applied (incurred) based on direct labor. The fixed overhead cost variance is because management spent than the amount budgeted for fixed overhead. The fixed overhead volume variance is because management allocated fixed overhead to jobs than was budgeted