5.Calculate the spending variance for variable overhead for 2021.

6.Calculate the efficiency variance for variable overhead for 2021.

7.Provide an explanation (i.e., a possible cause) for each of the following variances. What does each variance tell us about the companys performance (other than being favorable/unfavorable)?

A-Fixed overhead spending variance (from question #6)

B-Variable overhead spending variance (from question #9)

C-Variable overhead efficiency variance (from question #10)

Please sho all your work

Company ABC manufactures radios and uses direct labor hours (DLH) as its allocation base. The following information relates to the company's manufacturing overhead data for 2021: Budgeted output 33,200 radios Budgeted direct labor hours per radio 3.25 DLH per radio Budgeted variable overhead rate per DLH $8.60 per DLH Budgeted fixed overhead rate per DLH $14.50 per DLH Actual output 34,700 radios Actual direct labor hours used 91,955 DLH Actual variable overhead cost $919,550 Actual fixed overhead cost $1,655,190