Overhead Appicaticn, Fixed and Varlable Overhead Variances Zepol Company is planning to produce 600,000 power dnals for the coming year. The company uses direct labor hours to assign overhead to products. Each arlil requires 0,75 standard hour of labor for completion. The total budgeted overhead was $1,777,500. The total fixed overhesd budgeted for the coming year is $832,500. Predetermined overhead rates are caiculated using expected production, measured in direct labor hours. Actual results for the year are: Required: 1. Compute the applied fixed overhesd: 2. Compute the fixed overhesd spending and volume variances. Enter amounts as positive numbers and select Favorable or Unfavorable. 3. Compute the applied varisble overhesd. 4. Compute the variable overhead spending and efficiency variances. Enter amounts as positive numbers and select Favorable or Unfavorable. Spending variance $ Efficlency variance 1 Overhead Appicaticn, Fixed and Varlable Overhead Variances Zepol Company is planning to produce 600,000 power dnals for the coming year. The company uses direct labor hours to assign overhead to products. Each arlil requires 0,75 standard hour of labor for completion. The total budgeted overhead was $1,777,500. The total fixed overhesd budgeted for the coming year is $832,500. Predetermined overhead rates are caiculated using expected production, measured in direct labor hours. Actual results for the year are: Required: 1. Compute the applied fixed overhesd: 2. Compute the fixed overhesd spending and volume variances. Enter amounts as positive numbers and select Favorable or Unfavorable. 3. Compute the applied varisble overhesd. 4. Compute the variable overhead spending and efficiency variances. Enter amounts as positive numbers and select Favorable or Unfavorable. Spending variance $ Efficlency variance 1