E9-11 Calculating Variable Manufacturing Overhead Variances (LO 9-5) Lamp Light Limited (LLL) manufactures lampshades. It applies variable overhead on the basis of direct labor hours. Information from LLL's standard cost card follows: Standard Standard Standard Quantity Rate Unit Cost Variable manufacturing 06 overhead $0.80 $0.48 During August, LLL had the following actual results Units produced and sold Actual variable overhead Actual direct labor hours 24,000 $ 0,390 15.000 Required: Compute LLLs variable overhead rate variance, variable overhead officiency variance, and over or underapplied variable overhead (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for Favorable/Overapplied and "U" for Unfavorable/Underapplied) Variable Overhead Rate Variance Variable Overhead Eiciency Variance Variable Overhead Spending Variance