The following information relates so Longman, inc:'s overhead costs for the month: Yirw hiedala. Requirements 2. Explain why the varances are favorable or unlavorable varance. overhead variances for the month: variable overhead cost variance, variable overhead efficiency variance, fixed over he variancacarafamorahla orunfavarahla Data Longman, Inc. allocates manufacturing overhead to production based on standard direct labor hours. Last month, Longman, Inc. reported the following actual results: actual variable overhead, $10,700; actual fixed overhead, $2,800; actual production of 7,200 units at 0.8 direct labor hours per unit. The standard direct labor time is 0.4 direct labor hours per unit (1,100 static direct labor hours +2,750 static units)