Geeat Fender uses a standard cost systom and provide the following information: (Click tha icon to view the informationy) Great Fender allocates manufacturing overhead to production based cn standard direct labor hours. Creat Fender reported the following actual resuts for 2024: actual number of fencers prodvced, 20,000 c achual varable overhead, 58,100 ; actual fixed onechead, 534,000 ; actual direct labor hosm, 370. Reed the teavinements Requirement 1. Compuile the overhoad variances for the year variabie overhead cost variance, varable overhead efliciency variance, fixed overhead cost varance, and fixnd everheod volume variance. Begin what the variable everhead cost and etfiency variances. Select the required foemutas, compute the variatio ovehead cost and efficiency varianons, and identify wheither each variance is cost: 80 in thandard quantity: VOH= variable overhiead.) Data table Requirements 1. Computa the overnead varianses for the year variable oveitead cont variance, variablo overthead efficiency variance, fxed everteead ocit varianco, and fxed overhead volume variance. 2. Explain why the variances are tavoratic oc unfavorable