Lamp Light Limited (LLL) manufactures lampshades. It applies variable overhead on the basis of direct labor hours. Information froi LLL's standard cost card follows: During August, LLL had the following actual resuits: Required: Compute LL'L's variable overhead rate varlance, variable overhead efficiency variance, and over- or underapplled variable overhead (Do not round Intermediate calculations. Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable. and "None" for no effect (i.e., zero varlance).) Beverly Company has determined a standard variable overhead rate of $2.60 per direct labor hour and expects to incur 0.50 labor hour per unit produced. Last month, Beverly incurred 1,000 actual direct labor hours in the production of 2,100 units. The company has also determined that its actual varlable overhead rate is $2.40 per direct labor hour. Calculate the variable overhead rate and efficiency variances as well as the total amount of over-or underapplied variable overhead. (Indlcate the effect of each varlance by selecting "F" for favoroble, "U" for unfavorable, and "None" for no effect (l.e., zero varlance)