Standard variable-overhead rate Standard quantity of direct labor Budgeted fixed overhead Budgeted output Actual results for April are as follows: Actual output Actual variable overhead Actual fixed overhead Actual direct labor 19 per direct-labor hour 2.5 hours per unit of output 33,500 units $470,000 17,400 units $1,027,170 $ 376,000 50,850 hours Required: Use the following diagrams below (similar to Exhibit 11-6 and Exhibit 11-8 to compute (1) the variable-overhead spending and efficiency variances, and (2) the fixed-overhead budget and volume variances. Complete this question by entering your answers in the tabs below. Check my work Required 1 Required 2 Compute the variable-overhead spending and efficiency variances. (Round your "per hour" rate answers to 2 decimal places. Indicate the effect of each variance by selecting "Favorable" c (i.e., zero variance).) Variable-Overhead Spending And Efficiency Variances (1) Actual Variable Overhead Actual Hours (AQ) (Hours = Direct-Labor Hours) (3) Projected Variable Overhead Flexible Budget: Variable Overhead Variable Overhead Applied To Work-In-Process Actual Rate Actual Hours (AVR) (AQ) Standard Rate Standard Allowed (SVR) Hours (SQ) Standard Rate (SVR) Standard Allowed Hours (SQ) x Standard Rate (SVR)