X Data Table Static budget variable overhead $ 7,800 Static budget fixed overhead $ 3,900 Static budget direct labor hours 1,300 hours Static budget number of units 5,200 units Jackson allocates manufacturing overhead to production based on standard direct labor hours. Last month, Jackson reported the following actual results: actual variable overhead, $10,200: actual fixed overhead, $2.780; actual production of 6.900 units at 0.20 direct labor hours per unit. The standard direct labor time is 0.25 direct labor hours per unit (1.300 static direct labor hours /5,200 static units). Print Done Requirement 1. Compute the overhead variances for the month: variable overhead cost variance, variable overhead efficiency variance, fxed overhead cost variance, and foxed overhead volume variance. Begin by selecting the formulas needed to compute the variable overhead (VOH) and foed overhead (FOH) variances, and then compute each variance amount VOH cost variance VOH efficiency variance- -FOH cost vanance FOH volume variance Requirement 2. Explain why the variances are favorable or unfavorable The variabie overhead cost varance is Ybecause Jackson actually spent than budgeted The variable overhead efficienay variance is- beoause the actual hours used was han budgeted The fed overhead oest variance is han budgeted for fed overhead because Jackson actally spent The fired overhead volume vanance because Jackson alocated overhead to jobs than the budgened fed overhead amount