Crash Bang, Co. uses a standard cost system and provides the following information: Crash Bang, Co. allocates manufacturing overhead to production based on standard direct labor hours. Crash Bang, Co. reported the following actual results for 2020: (Round your answers to two decimal places when needed and use rounded answers for all future calculations). 1. Compute the variable overhead allocation rates. 2. Calculate the variable overhead cost and efficiency variances. Crash Bang, Co. uses a standard cost system and provides the following information: Crash Bang, Co. allocates manufacturing overhead to production based on standard direct labor hours. Crash Bang, Co. reported the following actual results for 2020: (Round your answers to two decimal places when needed and use rounded answers for all future calculations). 1. Compute the variable overhead allocation rates. 2. Calculate the variable overhead cost and efficiency variances