Finish attempt Quest 2 Partly correct Mark & ut of 7.00 Peton Variable Overhead Variances Smith Tax Company considers 6,000 direct labor hours or 300 tax returns its normal monthly capacity. Its standard variable overhead rate is 150 per direct labor hour. During the current month $250,400 of variable overhead cost was incurred in working 5.500 direct labor hours to prepare 270 tax returns. Determine the following variances, and indicate whether each is favorable or unfavorable: Determine the following variances: Do not use negative signs with any of your answers. Next to each variance awer, select the "P" for Favorable or "U" for Unfavorable. Variable Overhead Variances Actual cost OM Split cost 5 OX Standard cost 50 M 2 Variable overhead spendings 24600 W Variable overhead efficiency 5000 $ Check You have correctly selected 4. Partially correct Marks for this submission: 4.00/7.00