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2 2 Voice Editor Reu Editing 2.3 6 ...THE FOLLOWING IS A REPEAT OF THE PREVIOUS DATA********** WizleCo produces bicycles. The following standard cost sheet has been developed from historical data: Direct Materials 12 pounds 5 2.00 per pound Direct Labor 2 DLH $15.00 per DLH Variable MOH 1 MHR @ $10.00 per MHR Fixed MOH I MHR 520.00 per MHR Production was forecast to be 2.000 units, but only 1.950 were actually produced 26,000 pounds of materials were purchased for 566,300. A total of 23,000 pounds of materials were used in production. Actual direct labor totaled 4.000 DLH, costing 548,000 Forecast variable overhead was $10,000, and forecast fixed overhead was $10,000, Actual variable overhead was $11,000. Actual fixed overhead was 538.000. Actual machine bours totaled 1.900 MHR 25 (5 POINTS) Calculate the variable owerhead efficiency variance ANSWER: 26 (S POINTS) Calculate the variable overhead speeding for bedt) varice