M:8 - Homework (10 Question 9, EM8-21 (similar to) Part 1 of 6 HW Score: 53.92%, 5.39 of 10 points Points: 0 of 1 Save Quality, Inc. uses a standard cost system and provides the following information: View the information. Quality, Inc. allocates manufacturing overhead to production based on standard direct labor hours. Quality, Inc. reported the following actual results for 2025: actual number of units produced, 1,000; actual variable overhead, $5,000; actual fixed overhead, $3,200; actual direct labor hours, 1,700. Read the requirements. Information Requirement 1. Compute the variable overhead cost and efficiency variances and fixed overhead cost and volume varian Begin with the variable overhead cost and efficiency variances. Select the required formulas, compute the variable overhea actual quantity; FOH = fixed overhead; SC = standard cost; SQA = standard quantity allowed; VOH = variable overhead. L you enter.) Formula (AC -SC) AQ VOH cost variance VOH efficiency variance (AQ - SQA) AC Variance Static budget variable overhead Static budget fixed overhead Static budget direct labor hours Static budget number of units Standard direct labor hours $1,200 $1,600 800 hours 400 units 2 hours per unit Print Done -