Variable and fixed overhead variances-various issues Presented here are the original overhead budget and the actual costs incurred during July for Rembrant, Inc. Rembrant's managers relate overhead to direct labor hours for planning, control, and product costing purposes. The original budget is based on budgeted production of 30,000 units in 6,000 standard direct labor hours. Actual production of 32,400 units required 6,750 actual direct labor hours. Actual Original Budget Costs Variable overhead $45,000 $50,700 Fixed overhead 54,000 56,400 Required: a. Calculate the flexed budget allowances for variable and fixed overhead for July. b. Calculate the direct labor efficiency variance for July expressed in terms of direct labor hours. c. Calculate the predetermined overhead application rate for both variable and fixed overhead for July. d. Calculate the fixed and variable overhead applied to production during July if overhead is applied on the basis of standard hours allowed for actual production achieved. e. Calculate the fixed overhead budget and volume variances for July. f. Calculate the over- or underapplied fixed overhead for July