Franco's Family Furniture, Inc. produces many types of furniture and one of their best sellers is a futon often purchased for dorm rooms or efficiency apartments. This year's budget was based on the production of 3,000 futons using a standard of 5 direct labor hours per futon and $4 variable overhead per direct labor hour. Franco incurred 9,200 hours to produce 2,950 futons. If actual variable overhead for the year is $40,000, what is Franco's variable overhead efficiency variance? Indicate whether the variance is Favorable or Unfavorable by entering an F or a U after your numerical answer.Franco's Family Furniture, Inc. produces many types of furniture and one of their best sellers is a futon often purchased for dorm rooms or efciency apartments. This year's budget was based on the production of 3,000 futons using a standard of 3 direct labor hours per futon and $4 variable overhead per direct labor hour. Franco incurred 9,200 hours to produce 2,950 futons. If actual variable overhead for the year is $32,000, what is Franco's variable overhead rate variance? Indicate whether the variance is Favorable or Unfavorable by entering an F or a U after your numerical