12. Company DEF has provided the following data about its variable overhead costs and its allocation base, direct labor hours, for March 2021: Actual Budgeted Output units 18,200 units 18,200 units Direct labor hours (DLH) 1,700 DLH 2,900 DLH Variable overhead cost per DLH $42.40 per DLH $37.80 per DLH You are responsible for analyzing the variable overhead costs and providing all the variance details on the variable overhead cost performance each month. Pete is a new intern working with you on this project and when he sees this data, Pete says, "Well, this is an easy task. The company produced exactly what it planned to in March, so there is no need to do any variance analysis on the variable overhead costs. Our output matched what the budget said it would be so there will not be any variable overhead variances this month." (a) How would you respond to Pete? Is his assessment correct? Why or why not? (b) Identify which, if any, of the variable overhead variances we learned that Company DEF has and explain why. (c) What, if anything, should the company focus on improving related to its variable overhead? (d) What, if anything, is the company doing well related to its variable overhead