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The following data for November have been provided by Mazzio Corporation, a producer of precision drills for oil exploration: Budgeted production 4 , 0 0

The following data for November have been provided by Mazzio Corporation, a producer of precision drills for oil exploration:
Budgeted production 4,000 drills
Standard machine-hours per drill 8.4 machine-hours
Standard indirect labor $ 9.40 per machine-hour
Standard power $ 2.90 per machine-hour
Actual production 4,300 drills
Actual machine-hours 36,530 machine-hours
Actual indirect labor $ 362,756
Actual power $ 97,693
Required:
Compute the variable overhead rate variances for indirect labor and for power for November. Indicate whether each of the variances is favorable or unfavorable. Show your work.

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