OH Variance At the beginning of the year, your company thought . Each product would use 3 direct labor hours. .Fixed overhead would be $900,000 for the year. Fixed overhead would be applied based on machine hours and would be $2.50 per machine hour .Variable overhead would be applied based on direct labor hours and would be $4.00 per direct labor hour . 46,000 units would be produced. At the end of the year, what happened that year was: . 48,000 units were produced . actual direct labor cost incurred was $645,000 for 110,000 actual hours worked direct materials cost $1,262,000 actual overhead incurred totaled $1,600,000: $600,000 variable and $1,000,000 fixed Required 1) What is the variable overhead spending variance 2) What is the variable overhead efficiency variance 3) What is the fixed overhead production volume variance 4) What is the fixed overhead spending variance 5) What is the standard per unit for machine hours 6) How much was the static budget for variable overhead 7) What is the flexible budget variance for variable overhead 8) What is the flexible budget variance for fixed overhead