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Lamp Light Limited (LLL) manufactures lampshades. It applies varlable overhead on the basis of direct iabor hours. Information from LLL's standard cost card follows: During

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Lamp Light Limited (LLL) manufactures lampshades. It applies varlable overhead on the basis of direct iabor hours. Information from LLL's standard cost card follows: During August, LLL had the following actual results: Required: Compute LLL's variable overhesd 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, "U" for unfavorable, and "None" for no effect (i.e., zero variance).)

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