Logistics Solutions provides order fulfillment services for dot.com merchants. The company maintains warehouses that stock items carried by its dot.com clients. When a client receives an order from a customer, the order is forwarded to Logistics Solutions, which pulls the item from storage, packs it. and ships it to the customer. The company uses a predetermined variable overhead rate based on direct labor-hours. pints Skipped In the most recent month, 170,000 items were shipped to customers using 7100 direct labor-hours. The company incurred a total of $23.430 in variable overhead costs. eBook According to the company's standards, 0.03 direct labor-hours are required to fulfill an order for one item and the variable overhead rate is $3.35 per direct labor-hour. Hint Print Required: 1. According to the standards, what variable overhead cost should have been incurred to fill the orders for the 170,000 items? How much does this differ from the actual variable overhead cost? (Round labor hours per item and overhead cost per hour to 2 decimal places.) Reference INumber of items shipped Standard direct labor-hours per itern Total direct labor-hours allowed Standard variable overhead cost per hour Total standard variable overhead cost Actual variable overhead cost incurred Total standard variable overhead cost 2. Break down the difference computed in (above into a variable overhead rate variance and variable overhead efficiency variance indicate the effect of each variance by selecting "F* for favorable, Ufor unfavorable and "None" for no effect (ie, zere variance)) Variable overhead rate variance Variable overhead efficiency variance