Doluxe, Inc. uses a standard cost system and provides the following information, WW (Click the icon to view the information.) Deluxe allocales manulacturing overtead to production based on standard direct labor hours. Delume roported the following actual results for 2024 : actual number of units produced, 1,000, actual variable overhead, $5,000; actual fored overhead, $3,400; actual drect labor hours, 1,900, Read the reouirements Requirement 1. Compute the variable overhead cost and efficiency variances and fred evehead cost and volume variances. Begin with the variable overhead cost and efficiency variances. Select the required formulas, compute the variable overhead cost and eficiency variances, and identfy whether each varance is Requirement 1. Compute the v Begin with the variable overhea favorable (F) or unfavorable (U) VOH cost variance VOH efficiency variance Data table ances. head cost and efficiency va Requirements st and efficiency 1. Compute the variable overhead cost and efficiency variances and fixed overhead cost and volume variances. 2. Explain why the variances are favorable or unfavorable