https://www.youtube.com/watch?v=17sHdZg13ek

https://www.youtube.com/watch?v=KQRjYtzGwLk

https://www.youtube.com/watch?v=8T0nkLKEwpU

Read the following problem and follow along with the YouTube videos. This problem may take you longer than the other homework problems. If you would like, you can skip the explanations provided in the YouTube videos and just focus on the problem. However, I believe the explanations will help you better understand the material. YouTube Videos Video 1 E5 Video 2 El) Video 3 E) OVERHEAD VARIANCES FSI had the following ACTUAL xed and variable overhead costs during the month of October. 14,000 of direct labor were used to produce 30,000 shirts. Variable Overhead $392,000 Fixed Overhead $210,000 Total Overhead $602,000 To produce one shirt, FSI determined that it would take 0.5 labor hours. FSI budgets variable and xed overhead based on direct labor hours. Overhead rates are based on a production capacity level of 90%. .FSl's budgeted overhead rates are based on the following production capacity: Production Capacity Levels 70% 80% 90% Production in units 26,250 30,000 33,750 Direct labor hours 13,125 15,000 16,875 Budgeted Variable Factory Overhead $393,750 $450,000 $506,250 Budgeted Fixed Factory Overhead $165,625 $185,625 $185,625 D Question 1 2 pts The total overhead variance is favorable. It is -33,625. O True False D Question 2 2 pts The unfavorable fixed overhead spending variance is 24,375. O True O False D Question 3 2 pts The fixed factory overhead volume variance is unfavorable. It is $20,625. O True O False