E9-13 (Algo) Calculating Variable Manufacturing Overhead Variances [LO 9-5) Lamp Light Limited (LLL) manufactures lampshades. It applles variable overhead on the basis of direct labor hours. Information from LLL's standard cost card follows: Standard Standard Standard Quantity Rate Unit Cont 0.6 $0.80 $0.48 Variable manufacturing overhead During August, LLL had the following actual results: Units produced and sold 25,400 Actual variable overhead $ 9,530 Actual direct labor hours 16,400 Required: Compute LLL's variable overhead rate variance, variable overhead efficiency variance, and over- or underapplied variable overhead. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance).) Variable Overhead Rate Variance Variable Overhead Emiciency Variance Variable Overhead Spending Variance