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All-Star Fender usos a standard cost system and provide the following information TTI (Cick the icon to view the irformation.) Al-Star Fender allocates manufacturing overhead to production based on standard direct labor hours. All - Star Fender reported the following actual results for 2024i actual number of fendors produced, 20,000: actuai variable overhead, 55.250 , actual fixed overtead, $27,000, actual direct labor hours, 370. Read the cequirnments Requirement 1. Compute the overhead variances for the year: variable overhead cost variance, vasiable overhead efficiency varance, fued overhead cost variance, and foxed overhead volume variance. Begin with the varable overhead cost and efficioncy variances. Select the fequired formulas, compuit the varisble oreituead cost and efliciency variances, and identify whecher each varience in tavorable (F) or unforvorable (U) Crour may neod to timply the tormua based on the data provided. Abbievitions used. AC = acluat cost, AQ = actual euantity, FOH = fixod overtiead, SC F standard cost; SQ in standard quantify, VOH = variable overtead.)