The following information relates to Brookman, Inc.'s overhead costs for the month: (Click the icon to view the information.) Requirements 1. Compute the overhead variances for the month: variable overhead cost variance, variable overhead efficiency variance, fixed overhead cost variance, and fixed overhead volume variance. 2. Explain why the variances are favorable or unfavorable. Requirement 1. Compute the overhead variances for the month: variable overhead cost variance, variable overhead efficiency variance, fixed overhead cost variance, and fixed overhead volume variance. Begin by selecting the formulas needed to compute the variable overhead (VOH) and fixed overhead (FOH) variances, and then compute each variance amount. = VOH cost variance = = VOH efficiency variance = = FOH cost variance II = FOH volume variance = Requirement 2. Explain why the variances are favorable or unfavorable. The variable overhead cost variance is because Brookman actually spent than budgeted. The variable overhead efficiency variance is because the actual hours used was than budgeted. The fixed overhead cost variance is because Brookman actually spent than budgeted for fixed overhead. The fixed overhead volume variance is because Brookman allocated overhead to jobs than the budgeted fixed overhead amount. Choose from any list or enter any number in the input fields and then continue to the next question. Static budget variable overhead $ 7,000 Static budget fixed overhead $ 3,000 1,000 hours Static budget direct labor hours Static budget number of units 4,000 units Brookman allocates manufacturing overhead to production based on standard direct labor hours. Last month, Brookman reported the following actual results: actual variable overhead, $10,200; actual fixed overhead, $2,820; actual production of 7,100 units at 0.30 direct labor hours per unit. The standard direct labor time is 0.25 direct labor hours per unit (1,000 static direct labor hours / 4,000 static units)