ABC Company has the following standards and flexible budgetdata: Standard variable overhead rate 4.80 per directlabor hour Standard quantity ofdirectlabor 1.60 hours per unitofoutout Budgeted fixed overhead rate 90.000 Budgeted output 22.500 units Standard variable overhead 9.60 per unit Standard fixed overhead 3.20 per unit Actual results for November are given below: Actual outout 27.000 units Actual variable overhead $ 324.000 Actual fixed overhead 95.400 Actual directlabor 50400 Directlabor hours Required: Compute the following variances and state if they are favorable or unfavorable. a) Variable manufacturing overhead spending variance (2.5 Marks ) Favorable /Unfavorable b) Variable manufacturing overhead efficiency variance (2.5 Marks) Favorable /Unfavorable c) Fixed manufacturing overhead spending variance (2.5 Marks ) Favorable /Unfavorable d') Fixed manufacturing overhead volume variance (2.5 Marks ) Favorable /Unfavorable