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 Unt Coat 0.6 $0.00 $0.48 Variable manufacturing Overhead During August, LLL had the folowing actual results: Units produced and sold Actual variable overhead Actual direct labar hours 24.600 $ 0,450 15.800 Required: Compute LLL's variable overhead rate variance, variable overhead efficiency variance, and over- or undersplied 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 Rato Variance Variable Overhead Emdency Variance Variable Overhead Spending Variance