A furniture manufacturer has a standard costing system based on machine-hours (MHs) as the measure of activity. Hint: You will need to compute the variable overhead rate to complete some of these problems. Data from the company's flexible budget for manufacturing overhead are given below: Standards Denominator level of activity 6,100 MHS Budgeted overhead costs at the denominator activity levels Variable overhead cost $35.075 Fixed overhead cost $77,775 Actual The following data pertain to operations for the most recent period: Actual hours 6,300 MHS Actual total variable overhead cost. $36,540 Actual total fixed overhead cost........... $76,875 Standard hours allowed for the actual output 5.992 MH What was the variable overhead spending variance for the period? Is the variable overhead spending variance favorable or unfavorable? Type U or F What was the variable overhead efficiency variance for the period? Is the variable overhead efficiency variance favorable or unfavorable? Type U or F