Best Fender is a competitor of All-Star Fender. Best Fender also uses a standard cost system and provide the tollowing information (Click the icon to view the information.) labor hours. Best Fender reported the following actual results for Best Fender allocates manufacturing overhead to production based on standard direct 2016: actual variable overhead. S5,800; actual fixed overhead. S34,000, actual direct labor hours, 440. Read the requirements. efficiency variance, fixed overhead Requirement 1. Compute the overhe cost variance, and fixed overhead vol Begin with the variable overhead cost variances, and identify whether each overhead cost and efficiency cost, AQ actual quantity FOH tbdget variable overhead 3,500 d $ 28,000 thed ovethiead, SStatic budget fixed overhea Static budget direct labor hours Static budget number of units 700 hours 28,000 units 0.025 hours per fender VOH cost variance voH efficiency variance Standard direct labor hours head cost and volume variances actual quantity FOH- fixed Now compute the fixed overhead cos and identify whether each variance overhead, SC standard cost, sQ Print Done Choose from any it r enter any numbar in tho mnput fold and hn continuo to tho noxt qustion Choose from any list or enter a