TB Problem 11-113 Riviera Beach Pink Flamingos has the following... Riviera Beach Pink Flamingos has the following standards and flexible-budget data. Standard variable-overhead rate Standard quantity of direct labor Budgeted fixed overhead Budgeted output $ 6 per direct-labor hour 2 hours per unit of output $102,000 25, 4ee units Actual results for April are as follows: Actual output Actual variable overhead Actual fixed overhead Actual direct labor 20,600 units $322,eee $ 98,000 50,4ee hours Required: 1. Use the variance formulas to compute the following variances, (a) Variable-overhead spending variance. (b) Variable-overhead efficiency variance (c) Fixed-overhead budget variance (d) Fixed-overhead volume variance, 2. Prepare journal entries to Required 1 Required 2 Use the variance formulas to compute the following variances. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "o" for no effect (i.e., zero variance). Round your answers to the nearest whole number.) (a) Variable-overhead spending variance. (6) Variable-overhead efficiency variance. (c) Fixed-overhead budget variance. (d) Fixed-overhead volume variance. Show less a Variablo-overhead sponding variance b. Variable-overhead officiency variance c. Fixed-overhead budget variance d. Fixed-overhead volume variance Required Required 2 > Journal entry worksheet