Meal Delivery Fast (MDF) operates a meal home-delivery service. It has agreements with 20 restaurants to pick up and deliver meals to customers who phone or fax orders to MDF. MDF allocates variable and fixed overhead costs on the basis of delivery time. MDF's owner, Sam Clark, obtains the following information for May 2017 overhead costs: 3 Pg Dr Meal Delivey s y 01ActanStatie Del ResultsBudget Output units (number of deliveries) 8,700 Hours per delive Hours of delivery time Variable overhead cost per hour of delivery time Variable overhead costs Fixed Overhead costs 0.70 5,650 $1.25 $10,170 $39,400 $33,600 Required: A. Compute spending and efficiency variances for MDF's variable overhead in May 2017 Compute the spending variance and production-volume variance for MDF's fixed overhead in May 2017. Comment on MDF's overhead variances (interpretations) B