1. Tanner Corporation is a company that manufacture artificial flowers. The overhead cost-allocation base is machine hour. The table below contains the following information: Production Machine hours Variable overhead cost per machine hour Actual 20,000 5,000 $14 Budgeted 30,000 6,000 $15 What is the variable overhead spending variance and the variable overhead efficiency variance? Spending Variance: $5000 Favorable; Efficiency variance: 15000 Favorable O A. Spending Variance: $5000 Unfavorable; Efficiency variance: 15000 Unfavorable OB. o c. Spending Variance: $5000 Favorable; Efficiency variance: 15000 Unfavorable Spending Variance: $5000 Unfavorable; Efficiency variance: 15000 Favorable D