NSF Lube is a fast-growing chain of oil-change stores. The following data are available for last year's services. NSF Lube performed 472,200 oil changes last year. It had budgeted 433,200 oil changes, averaging 12 minutes each. Standard variable labor and support costs per oil change were as follows. Direct oil specialist services: 12 minutes at $23 per hour Variable support staff and overhead: 6.0 minutes at $20 per hour Fixed overhead costs: Annual budget $1,037,200 . Fixed overhead is applied at the rate of $2.40 per oil change. Actual oil change costs: $4.60 2.00 Direct oil specialist services: 472,200 changes averaging 19 minutes at $26 per hour Variable support staff and overhead: 0.16 labor-hours at $15 per hour 472,200 changes Fixed overhead Required: a. Prepare a cost variance analysis for each variable cost for last year. b. Prepare a fixed overhead cost variance analysis. Complete this question by entering your answers in the tabs below. Required A Required B $3,887,780 1,133,280 1,290,000 Prepare a cost variance analysis for each variable cost for last year. (Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.) Oil specialist Variable overhead Price Variance Efficiency Variance Total Variance < Required A Required B >