Easy Meals Now (EMN) operates a meal home-delivery service. It has agreements with 20 restaurants to pick up and deliver meals to customers who place orders on EMN's website. EMN allocates variable and fixed overhead costs on the basis of delivery time. EMN's owner, Don Clark, obtains the following information for May 2017 overhead costs: (Click the icon to view the information.) Read the requirements. i X Data Table - Requirement 1. Compute spending and efficiency variances for EMN's variable overhead in May 2017. Begin by calculating the following amounts for the variable overhead. (Round your answer to the nearest dollar.) Actual Results Easy Meals Now (May 2017) Static Budget Actual input 8,600 12,500 Actual costs X Flexible 0.70 incurred budgeted rate budget 5,660 Variable OH Output units (number of deliveries) Hours per delivery Hours of delivery time Variable overhead cost per hour of delivery time Variable overhead costs Fixed overhead costs 1.75 11,320 $ 39,300 $ 35,000 X i Requirements Print Done 1. Compute spending and efficiency variances for EMN's variable overhead in May 2017 2. Compute the spending variance and production-volume variance for EMN'S fixed overhead in May 2017. 3. Comment on EMN's overhead variances and suggest how Don Clark might manage EMN's variable overhead differently from its fixed overhead costs. Print Done Enter any number in the edit fields a ? 8 parts remaining Clear All Check