Branch Corporation uses a standard cost system to account for the costs of Its one product. Variable overhead is applied using direct labor hours. Standards allowed for each unit are 3 hours of labor at a variable overhead rate of $10.00. During November, Branch Corporation produced 2,300 units. Payroll totaled $97,780 for 7,140 hours worked. Variable overhead incurred totaled $73,185. Required: a. Calculate the variable overhead rate variance. Note: Indicate the effect of variance by selecting "Favorable", "Unfavorable", or "None" for no effect (i.e., zero variance). b. Calculate the variable overhead efficiency variance. Note: Indicate the effect of variance by selecting "Favorable", "Unfavorable", or "None" for no effect (i.e., zero variance). c. Calculate the variable overhead spending variance. Note: Indicate the effect of variance by selecting "Favorable", "Unfavorable", or "None" for no effect (i.e., zero variance). a. Rate Variance b. Efficiency Variance c. Spending Variance

Branch Corporabon uset a standard copf system to account for the cats of ns one product Variable overhead is applied using airect Required: a. Calculate the variable overtiead rate variance. Notet Indicate the effect of variance by selecting "Favorable" "Unfavorable", or "None" for no etfect (1.e., zero variance). b. Calculate the variable overhead emclency variance. Notet Indicate the effect of variance by selecting "Favorable", "Unfavorable", or "None" for no effect (i.e., zero variance). C. Calcutate the variable overhead spencing variance. Note: Indicate the effect of variance by selecting "Favorable", "Unfavorabie", or "None" for no effect (1.e., zero variance)