Scundset manulactures hesdphone cases. During September 2024, the company produced and sold 108,000 cases and recoirded the folowing cost data: (Cick the icon to vies the cost data) Read the requidements Reeuirement 1. Compult the cont and elliciency variances for direct materials and drect labor. Begin wath the cost variances, Select the required fomulas, compute the cost variances for deect maberials and direct labor, and ientify whinther nach variance a faverable (F) ar unfivorable (U). (Abbroviations used. AC = actual cost, AO = actual euantify, FOH = fixed overhead, sC = Mandard cost BQ = standard quanbiy) Requirement 2. For manitscturing ovemead, compule the variabie overhead cost and efficiency variances and she txed overtead cont and volume varancns. Now compule the variable ovehead cost and effiency varimces, Select the required formulas, conpule the variatie overhead coit and efficiency variances, and ifentify whether sach variance is. They hoged these malerials woukd resut in more enfoient Data table