Lamp Light Limited (LLL) manufactures lampshades. It applies variable overhead on the basis of direct labor hours. Information from LLLs standard cost card follows:

	Standard Quantity	Standard Rate	Standard Unit Cost
Variable manufacturing overhead	0.6	$0.80	$0.48

During August, LLL had the following actual results:

Units produced and sold		26,200
Actual variable overhead	$	9,580
Actual direct labor hours		16,900

Required: Compute LLLs variable overhead rate variance, variable overhead efficiency variance, and over- or underapplied variable overhead. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for Favorable/Overapplied and "U" for Unfavorable/Underapplied.)

Lamp Light Limited (LLL) manufactures lampshades. It applies variable overhead on the basis of direct labor hours. Information from LLL's standard cost card follows: Standard Standard Standard Quantity Rate Unit Cost $0.80 Variable manufacturing 0.6 $0.48 overhcad During August, LLL had the following actual results Units produced and sold Actual variable overhead Actual direct labor hours 26,200 S 9,580 16,900 Required: Compute LLL's variable overhead rate variance, variable overhead efficiency variance, and over- or underapplied variable overhead. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for Favorable/Overapplied and "U" for Unfavorable/Underapplied.) Variable Overhead Rate Variance Variable Ovorhead Efficiency Variance Variable Overhead Spending Varianca