Chillco Corporation produces containers of frozen food. During April, Chilico produced 800 cases of food and incurred the following actual costs. Variable overhead Fixed overhead Actual labor cost (5,500 direct-labor hours) Actual material cost (21,000 pounds purchased and used) $7,200 15,700 92,400 40,300 Overhead is budgeted and applied using direct-labor hours in a standard costing system. Standard cost and annual budget Information are as follows: Standard Costs per Case Direct labor (6 hours at $16 per hour) Direct material (25 pounds at $2.10 per pound)) Variable overhead (6 direct-labor hours at $1.80 per hour) Fixed overhead (6 direct-labor hours at $3 per hour)) Total $ 96.00 52.50 10.00 10.00 $177.30 Annual Budget Information $108,000 $180,000 Variable overhead Fixed overhead Planned activity for year 60,000 direct-labor hours Required Compute the following cost variances from the available data indicate the effect of each variance by selecting "Favorable" or "Unfavorable" Select "None" and enter "o" for no effect e, zero variance). Do not round Intermediate calculations) O Anewer is complete but not entirely correct B 200) Chavorable Desclater efficency read spending B 200) Underble 100)entle Uevoersble 0 fiverable 0 1700 Fable 3 (1) B versbe (12.150) Unfavorable