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 QuantityRate Unit Cost Variable manufacturing 0.6 $0.80 $0.48 overhead During August, LLL had the following actual results Units produced and sold 25,500 Actual variable overhead$ 9,540 Actual direct labor hours 16,500 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 Favorable/Overapplied and "U" for Unfavorable/Underapplied.) Varlable Overhead Rate Variance Variable Overhead Effi ciency Variance Variable Overhead Spending Variance