Question 1 The following information is available from the Tyro Company: Actual manufacturing overhead Fixed overhead expenses, actual Fixed overhead expenses, budgeted Actual hours Standard hours Variable overhead rate per DLH Assuming that Tyro uses a three-way analysis of overhead variances, what is the efficiency variance? Is it favorable (F) or unfavorable (U)? 2.5 pts $16,250 $7,490 $7,000 3,500 3,800 $2.50