Question Completion Status: QUESTION 25 10 po The following standard overhead costs were developed for one of the products of your company Variable overhead: 5 hours * S4 per hour 20.00 Fixed overhead: 5 hours * $15 per hour 75.00 Total standard overhead cost per unit $95.00 The following information is available regarding the company's operations for the period: Units produced 20,000 Direct labour 115,000 hours Overhead incurred: Variable $437,500 Fixed $1,320,000 Budgeted fixed overhead for the period is $1,350,000, and the standard fixed overhead rate is based on expected capacity of 90,000 direct labour hours Required: Show your calealations A Calculate the variable overhead spending & efficiency variance and indicate whether they favourable or unfavourable. a Calculate the fixed overhead spending and volume variance and indicate whether they are favourable or unfavourable. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac) BIS Paragraph Arial 14px ALI. Ili a