Question 23B: Variance Analysis The following information relates to french bread made in the SHTM Bakery. Extract from standard cost card for french bread: Direct Labour (0.5 has@) $1,500 per hour) $750 Variable Overhead (0.5 his @) $150 per hour) 575 Actual results for production and labour hours worked Production 1.000 units Labour hours 575 hours Actual results for variable overheads: Total variable overhead costs $89,125 Task 231 5 Marks Use the table below to calculate the variable overhead efficiency and variable overhead expenditure variance for french breads produced by SHIM Bakery. Variable Overhead Variances Actual Hours X Actual Rate Workings: Variable Overhead Expenditure Variance Actual Hours X Standard Rate Workings: Variable Overhead Efficiency Variance Standard Hours X Standard Rate Workings