Hi PLEASE help! And please identify if favorable and unfavorable more or less

E23-21 (similar to) Question Help All Star, Inc. uses a standard cost system and provides the following information. (Click the icon to view the information.) All Star allocates manufacturing overhead to production based on standard direct labor hours. All Star reported the following actual results for 2018: actual number of units produced, 1,000; actual variable overhead, $5,000; actual fixed overhead, $3,500; actual direct labor hours, 1,400. Requirement 1. Compute the variable overhead cost and efficiency variances and fixed overhead cost and volume variances. Begin with the variable overhead cost and efficiency variances. Select the required formulas, compute the variable overhead cost and efficiency variances, and identify whether ach variance is favorable (F) or unfavorable (U). (Abbreviations used: AC = actual cost; AQ = actual quantity; FOH = fixed overhead; SC = standard cost; SQ = standard Choose from any list or enter any number in the input fields and then click Check Answer. ? Formula Variance (AC -SC) x AQ VOH cost variance (AQ - SQ) x SC VOH efficiency variance Y Choose from any list or enter any number in the input fields and then click Check Answer. 5 parts remaining Clear All Chec i Data Table actua $ 2,200 Static budget variable overhead $ 3,300 Static budget fixed overhead Static budget direct labor hours 1,100 hours Static budget number of units 550 units Standard direct labor hours 2 hours per unit Print Done Requirements 1. Compute the variable overhead cost and efficiency variances and fixed overhead cost and volume variances 2. Explain why the variances are favorable or unfavorable. Print Done