requirment 1 and 2

Tho following informason relates to Watson, Inc.'s crechead cosss for the morth: Aiti iclick the iosn to view the intormation) Requirements 1. Compute the overhead variances for the month: yarlable overhead cost variance, variable ovehead efficiency variance, fixed ovechead cost variance, and fixed overhead volume variance. 2. Explain why the variances are favorable or unfavorable. Requirement 1. Compube the overhead variances for the month: variable overhead cost variance, variable overhead etficlency variance, fixed overhead cost varance, and foumd overhead volume variance. Begin by selecting the formulas neoded to compute the variable overhead (VOH) and foed ovechead (FOH0 variances, and then comoute each variance arnount Watson, Inci's overhead costs for the month: ormation.) ances focthe monothivatiable merhead cost.variance vadiabla morhead efficiencuvariance Data table Watson allocates manulacturing overhead to production based on standard ditect labor hours. Last month, Watson reported the following actual results: actual variable oventead, $10,900, actual fixed overhead, $2.840, actual production of 7.000 units at 0.30 direct labor hours per unit. The standard direct labor time is 0.5 direct labor hours per unit (1,200 stabe direct labor hours /2,400 static units)