Deluxe Inc. uses a standard cost system and provides the following information B (click the icon to view the information Deluxe allocates manufacturing overhead to production based on standard direct labor hours Deluxe reported the foll variable overhead $2,300 actual fixed overhead, $2,500, actual direct labor hours, 1300 Read the requirements Requirement 1. Compute the variable overhead cost and efficiency variances and fixed overhead cost and volume va Begin with the variable overhead cost and efficiency variances Select the required formulas, compute the vanable ove favorable (F) or unfavorable (U) (Abbreviations used AC = actual cost; AQ = actual quantity: FOH = fixed overheads Formula Variance VOH cost variance (AC-SC) AO VOH efficiency variance AO-SO) SC Now compute the fixed overhead cost and volume variances Select the required formulas, compute the fixed overhead (F) or unfavorable (0) (Abbreviations used AC = actual cost. AQ - actual quantity: FOH = fixed overhead: SC = standa Choose from any list or enter any number in the input fields and then continue to the next question Question Help 1 labor hours. Deluxe reported the following actual results for 2018: actual number of units produced, 1,000 actual urs, 1300 and fixed overhead cost and volume variances ted formulas, compute the variable overhead cost and efficiency vanances, and identify whether each variance is dual quantity: FOH = fixed overhead: SC - standard cost SQ standard quantity, VOH = variable overhead.) Variance and formulas, compute the fixed overhead cost and volume variances, and identity whether each variance is favorable notity, FOH = fixed overhead, SC = standard cost, SO standard quantity) inue to the next question luxe renorted the following actual results for 2018. actual number of units produc X Data Table ad $1,200 mp ea bled $2,400 Static budget variable overhead Static budget fixed overhead Static budget direct labor hours Static budget number of units 800 hours 400 units Standard direct labor hours 2 hours per unit pu Varia SOV Print Done