Good Deal, inci uses a standard cost systeen and provides the following information. (Click the icon to view the information.) actual variable overhead, 55,000 , actual fxed overtead, 33,000 ; actual direct labor hours, 1,300. Fead the recuirements. Requirement 1. Compule the variabie ovemead cost and effeency variances and foed orerhead cost and volume variances. Data table Requirements 1. Compute the vanable ovehesd cost and efficiency variancos and fioed civertiead cost and volume varances 2. Explain why the variances are favorable of unfaverable