Overheas Variancet At the begining of the year, Lopez Company had the fellowing standard cost sheet for one of its chemical products: hours at \$16.10; (c) FOH: 3031,000 ; and (d) WOH: 1112,400 . Requiredr 1. Compute the variable everhesd spending and efficiency variances. Fnter amounts as postive numbers and seiect Fevorabie or Unfavorable. 2. Compote the fyed overhed spending and volume variances. Enter amounts as positwe nambers and telect favorable of Uniayerabie. Spendiro wariance 1 volome vartance