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.) i Data Table Read the requirements. DIICLETADOR CHCICH y variance Requirement 2. For manufacturing overhead, compute the variable overhead cost and efficiency variand Standard Cost Information Now compute the variable overhead cost and efficiency variances. Select the required formulas, compute (Abbreviations used: AC = actual cost; AQ = actual quantity: FOH = fixed overhead; SC = standard cost; $ Quantity 2 parts 0.02 hours 0.02 hours Cost 0.16 per part 7.00 per hour 10.00 per hour Direct Materials Direct Labor Variable Manufacturing Overhead Formula (AC-SC) XAQ (AQ - SQ)X SC VOH cost variance Variance 4,400 5.000 = $ = $ F F VOH efficiency variance Now compute the fixed overhead cost and volume variances. Select the required formulas, compute the (Abbreviations used: AC = actual cost; AQ = actual quantity, FOH = fixed overhead; SC = standard cost; Fixed Manufacturing Overhead ($32,980 for static budget volume of 97,000 units and 1,940 hours, or $17 per hour) Formula Variance FOH cost variance FOH volume variance = Actual Cost Information Direct Materials Direct Labor Variable Manufacturing Overhead Fixed Manufacturing Overhead (209,000 parts @ (1,640 hours @ $ $ 0.21 per part) 7.10 per hour) $ 43,890 11,644 12,000 31,000 Choose from any list or enter any number in the input fields and then click Check Answer. part remaining