A. FunKids Berhad produces garden trampolines for kids. The cost information for the trampolines are provided below. Budgeted Information: Production Standard machine hour per unit Variable overhead per machine hour: Indirect labor Power Fixed overhead per machine hour Actual Information: Production Machine hours Variable overhead costs: Indirect labor Power Fixed overhead costs: Rent (building) Depreciation (equipment) Insurance 15,200 units 1.8 machine hours RM3.50 per machine hour RM0.70 per machine hour RM13.00 per machine hour 15,600 units 28,300 machine hours RM99,300 RM18,711 RM250,000 RM76,200 RM48,000 Required: Refer to the information of FunKids above, a) compute and determine whether the company would have a favorable (F) or unfavorable (UF): i. variable overhead rate variance; ii. variable overhead efficiency variance; and iii. total variable overhead variance for the year. (8 marks) b) compute and determine whether the company would have a favorable (F) or unfavorable (UF): i. fixed overhead budget; ii. fixed overhead volume variance; and iii. total fixed overhead variance for the year. (8 marks) c) determine whether FunKids has over or under-applied overhead. (2 marks)