OH variances The manager of the Texas Department of Transportation has determined that it typically takes 30 minutes for the department's employees to register a new car. In Bexar County, the predetermined fixed overhead rate was computed on an estimated 26,000 direct labor hours per month and is $9 per direct labor hour, whereas the predetermined variable overhead rate is $3 per direct labor hour. During July, 48,880 cars were registered in Bexar County, and 24,700 direct labor hours were worked in registering those vehicles. For the month, variable overhead was $72,020 and fixed overhead was $236,080. Note: In answering the following questions, do not use negative signs with your answers. a. Compute overhead variances using a four-variance approach. Actual VOH VOH Spending Variance Budgeted VOH = VOH Spending Variance 0 = $ VOH Efficiency Variance Applied VOH = VOH Efficiency Variance Budgeted VOH 0-$ 0 = 5 FOH Spending Variance Budgeted FOH = FOH Spending Variance Actual FOH 0 S Budgeted FOH FOH Volume Variance Applied FOH = FOH Volume Variance 0 S 0 = $ 0 OF U