Here is the update with requirements Thank you for your time and help!

Kalkar Equity Company offers financial services to its clients. Recently, Kalkar has experienced rapid growth and has increased both its The technology budget for Kalkar and its actual results for the first quarter of 2020 are given below: client base and the variety of services it offers. The company is becoming concerned about its rising costs, however, particularly related to (Click the icon to view the first quarter budget information.) technology overhead. (Click the icon to view the cost driver findings.) (Click the icon to view the first quarter actual results.) Read the requirements. Requirement 1. Calculate the variable overhead spending and efficiency variances, and indicate whether each is favorable (F) or unfavorable (U). Begin by computing the following amounts for the variable overhead. More info Kalkar's measure of output is the number of client interactions in a given period. After some study, Kalkar determines that its variable and fixed technology overhead costs are both driven by CPU units of processing time for client interactions. Requirements 1. Calculate the variable overhead spending and efficiency variances, and indicate whether each is favorable (F) or unfavorable (U). 2. Calculate the fixed overhead spending and production-volume variances, and indicate whether each is favorable (F) or unfavorable (U). 3. Comment on Kalkar Equity's overhead variances. In your view, is the firm right to be worried about its control over technology spending