Crash Bang, Co. uses a standard cost system and provides the following information: Standards: Static budget variable overhead $5,540.00. Static budget fixed overhead $22,120.00. Static budget direct labor hours 571 hours. Static budget number of units 22,000 units. Static budget direct labor hours 0.033 hours per unit. Crash Bang, Co. allocates manufacturing overhead to production based on standard direct labor hours. Crash Bang, Co. reported the following actual results for 2020: Actual: Number of units produced 20,300. Actual variable overhead $5,200.00 Actual fixed overhead $24,140.00. Actual direct labor hours 481. (Round your answers to two decimal places when needed and use rounded answers for all future calculations). 1. Compute the variable overhead allocation rates. Budgeted VOH ? Budgeted allocation base = Standard VOH allocation rate = 2. Calculate the variable overhead cost and efficiency variances. (AC ? SC) ? AQ = Variable OH Cost Variance Favorable or Unfavorable = (AQ ? SQ) ? SC F Variable Overhead Efficiency Variance Favorable or Unfavorable =