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The folowing iaformation relales to Vincenzo, inc"s cverhead costs for the mon: Viry mos data Requlrements 1. Compute the overtead variances for the moeth; variable overtead cost variance, variable ovechead efficency variance, foced overhesd cost variasce, and fund overtead volume varianch 2. Explain why the variances are tworable or untavorable. Requirement 1. Comguse the ovechead variances for the month variable everhead cost variance, variable overhead efficiency variance, fxed overhead cost variance, and fixed overheas velum variance. Begin by selecting the formalas needed to compste the variable overthesd (vOH) and fxed orerhead (FOH) variances. and then cempute each varianct amount. Data Vincenzo, Inc. allocates manufacturing overhead to production based on standard direct labor hours. Last month, Vincenzo, Inc. reported the following actual results: actual variable overhead, $10,200; actual fixed overhead, $2,830; actual production of 6,900 units at 0.2 direct labor hours per unit. The standard direct labor time is 0.3 direct labor hours per unit (1,800 static direct labor hours 6,000 static units)