each unit taking 7 hours of assembly time to complete. Variable manufacturing overhead is budgeted to be $30 per assembly hour. Actual spending on variable manufacturing overhead costs were $333,000 with 1,500 units produced and sold. Actual assembly hours are 9,000. Required 1. Compute the flexible budget variance, the rate variance, and the efficiency variance for Variable Manufacturing Overhead. 2. Report how much VMOH costs have been under or over allocated by. 3. Journalize all transactions relating to the Variable Manufacturing Overhead costs and variances. Include the journal entry to write off all variance to Cost of Goods Sold. Assume all purchases are made on account