(5 Points) The ABC Company applies overhead costs to products on the basis of standard direct labor hours. The standard cost card shows that 5 direct labor hours are required to make one product. The following are the budgeted and actual cost data for March: Units produced ...... Direct labor-hours Variable overhead costs Fixed overhead costs ........... Actual 22,000 105,000 $91,000 $52,000 Budgeted 20,000 100,000 $80,000 $50,000 Assuming that direct-labor hours is used as the denominator in the calculation of the PDOR, what is the Budget and Volume Variances for the month of March? Budget Variance: Volume Variance: (5 Points) The ABC Company applies overhead costs to products on the basis of standard direct labor hours. The standard cost card shows that 5 direct labor hours are required to make one product. The following are the budgeted and actual cost data for March: Units produced ...... Direct labor-hours Variable overhead costs Fixed overhead costs ........... Actual 22,000 105,000 $91,000 $52,000 Budgeted 20,000 100,000 $80,000 $50,000 Assuming that direct-labor hours is used as the denominator in the calculation of the PDOR, what is the Budget and Volume Variances for the month of March? Budget Variance: Volume Variance