Ch. 16- Seved 3 Vienna Company uses direct labor hours as the overhead application base. The partial) cost sheet for the single product manufactured follows 08 points Direct labor Variable overhead Fixed overhead (5 hours $90) $100 5 hours) 10 (5 hours $4) 20 The master budget level of production is 12,000 units of the product with 60,000 direct-labor hours. Other information available for operations over the past accounting period includes the following Actual are overhead incurred Actual Fixed overhead incurred Bated fixed overhead Direct labor efficiency variance Variable overhead price (spending variance $110,000 253,000 240,000 140,000 4.000 Required: a. What was the variable overhead efficiency variance? b. What was the fored overhead price (budget) variance? c. What was the fixed overhead production volume volume) varlance? (For all requirements, indicate the effect of each variance by selecting "F* for favorable, or "U" for unfavorable. If there is no effect, do not select elther option.) Vile verbond efficiency variance Fored the price variance Fored overed production volume variance MC Graw Hill Type here to search O a