Good Deal, Inc. uses a standard cost system and provides the following information. @ (Click the icon to view the information.) Good Deal allocates manufacturing overhead to production based on standard direct labor hours. Good Deal reported the following actual results for 2024: actual number of units produced, 1,000; actual variable overhead 52,500; actual fixed overhead, $3,200; actual direct labor hours, 1200. Read the @uirements. Formula Variance VOH cost variance 2 (AC SO) x AQ : $ Y00 U VOH efciency variance = (A0 SQ) X SC : $ 1.200 F Now compute the xed overhead cost and volume variances Select the required formulas. compute the fixed overhead cost and volume variances, and identify whether each variance 's favorable (F) or unfavorable (U) (Abbreviations used: AC 2 actual cost; AC1 : actual quantity; FOH : fixed overhead; SC = standard cost; SQ = standard quantity.) Formula Variance FOH cost variance FOH volume variance = : Good Deal (Click - X Good Deal Data table Good Deal reported the following actual results for 2024: actual num $3,200; actual direct labor hours, 1,200. Read the [ Static budget variable overhead $2, 100 Static budget fixed overhead $2,800 Static budget direct labor hours 1,400 hours VOH cost Static budget number of units 700 units VOH effici Standard direct labor hours 2 hours per unit Now comp te the fixed overhead cost and volume variances, and identify wh al cost; AQ = actual quantity; FOH = fixed overhead; SC = stand Print Done FOH cost FOH volume variance =