1. the amount of the variable manufacturing overhead spending variance for the period is $____indicate if the variable manufacturing overhead spending is favourable (F) and unfavourable (UF)2. the amount of the variable manufacturing overhead efficiency variance for the period is $____indicate if the variable manufacturing overhead efficiency variance is favourable (F) or unfavourable (UNF)

Question: Peggy's Eyes Inc. produces exquisite sunglasses. The following standard costs were developed for one of their products: Standard Cost per Unit Total Variable overhead | 7 hours @ $8 per hour $ 56 Overhead is applied to products on the basis of standard direct labor hours for actual production. The following information is available regarding the company's operations for the period: Actual units produced 12, 100 units Total actual direct labor hours 88,000 hours Actual variable manufacturing overhead incurred $ 792,000 Budgeted units for the period 10,800 units Required: Calculate the variable overhead variances. Use your answer to answer the following questions. NOTE: Please enter all variances as positive numbers