D 1 Weller Company's flexible budget for manufacturing overhead (in condensed form) is provided in the following table: Variable overhead Fixed overhead Total overhead costs Direct Labour Hours 80,000 120,000 $120,000 $180,000 300,000 300.000 $420,000 $480.000 160,000 $240.000 300.000 $540,000 The following information is available for a recent period: a) The denominator activity level was 120,000 direct labour-hours. b) The company should produce 120,000 units of product at the denominator level of activity. c) The company's actual operating results were as follows: Number of units produced 105,000 Actual direct labour-hours 110,000 Actual variable overhead costs $159,500 Actual fixed overhead costs $305,000 AL Uverhead costs 18 $305,000 9 Required: 1. Compute the variable overhead spending and efficiency variances. (4 marks) Amount FU Variances Spending Variance Efficiency Variance Total Variance 1 SCVA - V2 New... 2. Compute the fixed overhead budget and volume variances. (4 marks) Amount FU Variances Budget Variance Volume Variance Total Variance