2. Two-variance overhead analysis Factory overhead for Elizabeth Company has been estimated as follows: (38 points) Fixed factory overhead ... ...$50,000 Variable factory overhead.. ...$105,000 Estimated direct labor hours ......25,000 Production for the month reached 110% of the budget, and actual factory overhead totaled $169,000 cuz alo staks bit ca dia ack nig Instructions: (1)Determine the amount of over or underapplied factory overhead. (12 points) bu oug out to day Mommy Okay the Sp Here (2)Determine the flexible-budget and production-volume variances (14 points) Bul Nae Bet I 30 %? ? O NA