Jones Equity Company offers financial servioes to its clents. Recently. Jones has experienced. rapid growth and has increased both its clent base and the variety of services if oflers. The - company is becoming concernod about lss rising costs, however, particularty related to technology ovechead. (Click the icon to viow the cost driver findings.) The technology budoet for Jones and its achal ensults for the first quarter of 2020 are given below: (Click the icon to virw the first quarter budget information.) (Click the icon to view the first quarter actual resuth.) Read the requirements Requirement 1. Calculate the vanable overtvead spending and efficiency varisnces; and indicate whecher each is favorable (F) or unfavorable (U) Begin by corputing the following amounts for the variable overhead: Budget information Requirements 1. Calculave the varable overheod spending and efficiency varances, and indicate whether each is tavorablo (F) or untavorable (U) 2. Cabculate the foed overhead spencing and production volume variances, and indicale whether each is favorabie (F) or unfavorable (U) 3. Comment on Janes Equitys overhead variances. In your view, is tho fim night to be worried about its control over technology spenfing? Actual results