Required information [The following information applies to the questions displayed below. Mosaic Company applies overhead using machine hours and reports the following information. Actual machine hours used (AH) Standard machine hours (for actual production) (SH) Actual variable overhead rate per hour (AVR) Standard variable overhead rate per hour (SVR) 4,700 hours 5,000 hours $ 4.15 $ 4.00 Compute the variable overhead spending variance and the variable overhead efficiency variance and classify each as favorable or unfavorable. Actual Cost Flexible Budget AH x AVR $ 4.15 Standard Cost SH SVR 5,000 $ 4.00 4,700 X $ 19,505 $ 20,000 Total variable overhead cost variance $ 0 0 Tempo Company's fixed budget (based on sales of 14,000 units) for the first quarter reveals the following. Fixed Budget $3,024,000 $336,000 602,000 378,000 136,000 1,452,000 1,572,000 Sales (14,000 units * $216 per unit) Cost of goods sold Direct materials Direct labor Production supplies Plant manager salary Gross profit Selling expenses Sales commissions Packaging Advertising Administrative expenses Administrative salaries Depreciation-office equip. Insurance Office rent Income from operations 98,000 196,000 100,000 394,000 186,000 156,000 126,000 136,000 604,000 574,000 $ (1) Compute the total variable cost per unit. (2) Compute the total fixed costs. (3) Compute the income from operations for sales volume of 12,000 units. (4) Compute the income from operations for sales volume of 16,000 units. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 1 Required 2 Required 3 Required 4 Compute the total variable cost per unit. Variable cost per unit Required 1 Required 2 Required 1 Required 2 Required 3 Required 4 Compute the total fixed costs. Total fixed costs Required 1 Required 2 Required 3 Required 4 Compute the income from operations for sales volume of 12,000 units. Income from operations at sales of 12,000 units