Variable Overhead Spending and Efficiency Variances, Columnar and formula Approaches Aretha Company provided the following information: Standard variable overhead rate (SVOR) per direct labor hour 53.70 Actual variable overhead costs $206,816 Actual direct labor hours worked (AH) 56,200 Actual production in units 14 000 Standard hours (SH) allowed for actual units produced 56,000 Required: 1. Using the columnar approach, calculate the variable overhead spending and efficiency variances. Spending variances Efficiency variance Si 2. Using the formula approach, calculate the variable overhead spending variance Actual direct labor hours worked (AH) 56,200 Actual production in units 14,000 Standard hours (SH) allowed for actual units produced 56,000 Required: 1. Using the columnar approach, calculate the variable overhead spending and efficiency variances. Spending variance Efficiency variance 2. Using the formula approach, calculate the variable overhead spending variance. 3. Using the formula approach, calculate the variable overhead efficiency variance. 4. Calculate the total variable overhead variance. Check My Work Next