Maggie Sound manufactures headphone cases. During July 2021, the company produced 109,000 cases and recorded the following cost data: Standard Cost Information Direct Materials Direct Labor Quantity Cost 3 parts $0.18 per part 0.02 hours $7.90 per hour Variable Manufacturing Overhead 0.02 hours $9.00 per hour Fixed Manufacturing Overhead 1,980 hours $17.00 per hour Direct Materials Direct Labor Actual Cost Information Quantity Cost 201,000 parts 1,580 hours $0.24 per part $8.25 per hour Variable Manufacturing Overhead $8,800 total cost $27,500 total cost Fixed Manufacturing Overhead (Round your answers to two decimal places when needed and use rounded answers for all future calculations). 1. Calculate the variable overhead cost and efficiency variances. (AC ? SC) ? AQ = Variable OH Cost Variance Favorable or Unfavorable (AQ ? SQ) ? SC = Variable Overhead Efficiency Variance 2. Calculate the fixed overhead cost variance. Act. FOH ? Budget FOH = Fixed OH Cost Variance Favorable or Unfavorable Favorable or Unfavorable