10. The following information relates to the company's overhead costs: Static budget variable overhead $9,000 Static budget foxed overhead S 4,500 Static budget direct labor hours 1.800 hours Static budget number of glasses 6,000 (each glass 0.3 hr) Johnson allocates manufacturing overhead to production based on standard direct labor hours. Last month, Johnson reported the following actual results: actual variable overhead, $10,200; actual fixed overhead, $2,830. The actual results to produce 6,900 glasses, were 0.2 hour per glass (total 1,380 hours). Hint: budgeted amount per units are applied to flexible budget and static budget; fixed overhead is the same under the flexible budget and static budget 1. Compute the standard variable overhead rate and the standard fixed overhead rate. 2. compute the variable and fixed overhead variances