Logistics Solutions provides order fulfilment services for dot.com merchants The company maintains Warehouses that stock items carried by its dot.com dients. When a client receives an order from a customer the order is forwarded lo 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 In the most recentmonth, 160.000 items were shipped to customers using 6,500 direct labor-hours. The company incurred a total of $20 800 in variable overhead costs. According to the company's standards. 0 03 direct labor-hours are required to fulfill an order for one item and the variable overhead rato 1 53 25 per direct labor-hour Required: According to the standards what variable overhead cost should have been incurred to fill the orders for the 160 000 items? How much does this differ from the actual variable overhead cost? (Round labore hours per item and overtiead cost per hour to 2 decimal places.) Number of items shipped Standard direct labor-hours per item 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 Total variable overhead variance $ 2 Break down the difference computed in (1) above into a variable overhead rate variance and a variable overhead efficiency variance (indicate the effect of each variance by selecting "F" for favorable "U" for unfavorable, and "None" for no effectie, zero variance).) Variable overhead rate variance Variable overhead efficiency variance