Family Meals Now (FMN) operates a meal home-delivery service. It has agreements with 20 restaurants to pick up and deliver meals to customers who place orders on FMN's website. FMN allocates variable and fixed overhead costs on the basis of delivery time. FMN's owner, Thomas Stewart, obtains the following information for May 2020 overhead costs: (Click the icon to view the information.) Read the requirements. Requirement 1. Compute spending and efficiency variances for FMN's variable overhead in May 2020. Begin by calculating the following amounts for the variable overhead. (Round your answer to the nearest dollar.) Variable OH Requirements Actual input Actual costs incurred x Flexible budgeted rate budget 1. Compute spending and efficiency variances for FMN's variable overhead in May 2020. 2. Compute the spending variance and production-volume variance for FMN's fixed overhead in May 2020. 3. Comment on FMN's overhead variances and suggest how Thomas Stewart might manage FMN's variable overhead differently from its fixed overhead costs. -