QUESTION 7 The Lefield Company applies manufacturing overhead costs to products on the basis of direct labor-hours. The standard cost cand shows that 12 direct labor-hours are required per unit of product. For August, the company budgeted to work 300.000 direct labor-hours and to incur the following total manufacturing overhead costs Total Exsd head costs Tatal variable overhead costs 5476 200 30 000 During August, the company completed 25.000 units of product, werkeit 344,000 direct laber-hours, and incurred the following total manufacturing overhead costs Tutal fxed overhead costs Tatal variabis overhead costs 5461.200 $315.000 The denominator activity in the predetermined overhead rate is 360.000 direct labor-hours. (Note that this is the same data that was provided for the previous question) The variable overhead efficiency variance for August 20 OST 300 F O000 F