Problem 2 ProChem, Inc., produces chemicals for large manufacturing overhead costs during August 2017: duces chemicals for large biotech companies. It has the following data for Variable Fixed $16,500 15,200 16,000 Actual costs incurred Costs allocated to products Flexible budget Actual input x budgeted rate 36,000 31,500 Fill in the blanks. Use F for favorable and U for unfavorable: Variable Fixed (1) Spending variance (2) Efficiency variance (3) Production-volume variance (4) Flexible-budget variance (5) Underallocated (overallocated) manufacturing overhead