4 Partially correct Mark 17.14 out of 20.00 OH variances Flag question Nelson Co. manufactures a product that requires 3.5 machine hours per unit. The variable and fixed overhead rates were computed using expected capacity of 172,800 units (produced evenly throughout the year) and expected variable and fixed overhead costs, respectively, of $2,419,200 and $4,233,600. In October, Nelson manufactured 14,280 units using 50,160 machine hours. October variable overhead costs were $198,000; fixed overhead costs were $353,400. a. What are the standard variable and fixed overhead rates? Standard VOH rate $ 4 per MH Standard FOH rate $ 7 per MH b. Compute the variable overhead variances. Note: Do not use a negative sign with your answer. VOH spending variance $ 2,640 Favorable VOH efficiency variance $ 720 Unfavorable Total VOH variance $ 1,920 Favorable c. Compute the fixed overhead variances. Note: Do not use a negative sign with your answer. 2,280 Unfavorable FOH spending variance $ FOH volume variance $ 1,260 x Unfavorable Total FOH variance $ 3,540 Unfavorable