Prevlar's budget for variable overhead and fixed overhead revealed the following Information for an anticipated 40.900 hours of activity. variable overhead, $392,640: fixed overhead, $622,500. The company actually worked 43,900 hours and actual overhead incurred was: variable, $400.500: fixed. $626.000. Required: A. Compute the company's total cost variance for variable overhead and fixed overhead If the firm uses a static budget to help assess performance. B. Compute the company's total cost varlance for varlable overhead and fixed overhead if the firm uses a flexible budget to help assess performance C. Which of the two budgets (static or flexible) is preferred for performance evaluations? A Actual B. Flexible budget C. Preferred for performance evaluations? Camelback Industries operates a dellvery service for local restaurants, dellvering call-n, to-go meals for restaurant customers. Variable overhead costs are applied at the budgeted rate of $28 per driving hour. The typical round trip takes a driver 15 minutes to complete. Actual results for March follow. Number of round trips run: 1.370 Hours of delivery time: 870 Variable overhead cost incurred: $4.400 Camelback uses flexible budgets and variance analysis to monitor performance. Required: A. Prepare a flexible-budget performance report that shows (1) actual variable overhead. (2) the amount of variable overhead that should have been incurred for the number of round trips taken, and (3) the variance between these amounts. B. Compute the company's variable-overhead spending and efficiency variances. (Indicate the effect of each varlance by selecting "Favorable" or "Unfavorable". Select "None" and enter "O" for no effect (Le., zero variance).) A Budgeted variable overhead Variance B. Spending variance Efficiency variance