value: 2.00 points E9-11 Calculating Variable Manufacturing Overhead Variances [LO 9-5] Lamp Light Limited (LLL) manufactures lampshades. It applies variable overhead on the basis of direct labor hours. Information from LLL's standard cost card follows: Standard Standard Standard Quantity Rate Unit Cost 0.6 $0.80 $0.48 Variable manufacturing overhead During August, LLL had the following actual results 25,100 Units produced and sold Actual variable overhead9,500 Actual direct labor houns 16,100 Required: Compute LLL's variable overhead rate variance, variable overhead efficiency variance, and over-or underapplied variable overhead. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for FavorablelOverapplied and "U" for Unfavorable/Underapplied.) ariable Overhead Rate Variance Varlable Overhead Efficiency Variance Variable Overhead Spending Variance