Soundset manufactures headphone cases. During September 2018, the company produced and sold 107,000 cases and recorded the following cost data: (Click the icon to view the cost data.) Read the requirements Data Table Direct lapor cost variance used: AC ac riances direct materials a cost: AQ actual quantity: FOH fixed overhead: SC standard cost: SQ standard quantity. " Standard Cost Information Formula Variance Quantity Cost = S (AQ - SQ) x SC 750 Direct materials efficiency variance F 0.15 per part Direct Materials 2 parts (AQ - SQ) x SC =S 4,000 F Direct labor efficiency varlance Direct Labor 0.02 hours 8.00 per hour Variable Manufacturing Overhead 0.02 hours 9.00 per hour Requirement 2. For manufacturing overhead, compute the variable overhead cost and efficiency variances and the fixed of Now oompute the variable overhead cost and efficiency variances. Select the required formulas, compute the variable over used: AC actual cost; AQ actual quantity; FOH fixed overhead; SC standard cost; SQ standard quantity: VOH w (U). (Abbrevia Fixed Manufacturing Overhead ($32,980 for static budget volume of 97,000 units and 1,940 hours, or $17 per hour) Formula Variance (AC SC) x AQ 4,760 VOH cost variance Actual Cost Information (AQ SQ) x Sc 4.500 F VOH efficiency variance (209,000 parts S 41,800 Direct Materlals 0.20 per part) Now compute the fixed overhead cost and volume variances. Select the required formulas, oompute the fixed overhead cos reviations used Direct Labor (1,640 hours @ 8.15 per hour) 13.366 actual cost; AQ actual quantity; FOHfixed overhead: SC standard cost; SQ standard quantity.) Varlable Manufacturing Overhead 10,000 Formula Variance Fixed Manufacturing Overhead 30.000 Actual FOH- Budgeted FOH FOH cost variance Budgeted FOH- Allocated FOH U FOH volume variance Print Done Choose from any list or enter any number in the input fields and then click Check