ork M:8 Question 9, EMB-21 (similar to) HW Score: 33.82%, 33.82 of 100 points Points: 0 of 15 Save K All-Star, Inc uses a standard cost system and provides the following information (Click the icon to view the information.) All-Star allocates manufacturing overhead to production based on standard direct labor hours All-Star reported the following actual results for 2024 actual number of units produced 1000 chal overhead, $5,000, actual fixed overhead, $3,500, actual direct labor hours, 1300 Read the requirements Requirement 1. Compule the vanable overhead cost and efficiency vanances and fixed overhead cost and volume vanances Begin with the variable overhead cost and efficiency variances. Select the required formulas, compute the vanable overhead cost and efficiency varano and dirty whether oach verance st unfavorable (U) (Abbreviations used AC chaal cost. AQ actual quantity, FOH need overhead, SC standard cost 90 standard aty, Volvable) VOH cost variance VOH efficiency variance Elext pages Get more help- Formula Variance 1000F Clear all Check anewer Data table Static budget variable overhead Static budget fixed overhead Static budget direct labor hours Static budget number of units Standard direct labor hours $2,300 $3,450 1,150 hours 575 units 2 hours per unit Print Done - Requirements 1. Compute the variable overhead cost and efficiency variances and fixed overhead cost and volume variances. 2. Explain why the variances are favorable or unfavorable. Print Done - X