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Armstrong Foods processes bags of organic frozen fruits sold at specialty grocery stores. (Click the icon to view additional information) More info The company allocates manufacturing overhead based on direct labor hours Armstrong has budgeted fixed manufacturing overhead for the year to be $629.000 The predetermined fixed manufacturing overhead rate is $1620 per direct labor hour while the standard variable manufacturing overhead rate is 5055 per direct labor hour The direct labor standard for each case is one - quarter (0.25) of an hour The company actually processed 160,000 cases of frozen organic fruits during the year and incurred $682.150 of manufacturing overhead Of this amount $652000 was fixed The company also incurred a total of 40200 direct labor hours Requirements 1. How much variable overhead would have been allocated to production? How much fixed overhead would have been allocated to production? 2. Compute the variable MOH rate variance and the variable MOH efficiency variance. What do these variances tell managers? 3. Compute the fixed MOH budget variance and the fixed overhead volume variance What do these variances tell managers