The following information relates to Brookman, Inc.'s overhead costs for the month (Click the icon to vicw 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 cach variance amount VOH us at = VOH efficiency variance i Data Table - FOH cost variance FOH volume vanance $ $ Static budget variable overhead Static budget fixed overhead Static budget direct labor hours Static budoot number of units 7.200 3,600 1200 hours 2.400 units Brookman allocates manufacturing overhead to production based on standard direct labor hours Last month, Brookman reported the following actual results actual variable overhead, $10.800: actual fixed overhead. $2,820, actual production of 7,300 units at 040 direct labor hours per unit. The standard direct labor time is 05 direct labor hours per unit(1.200 static direct labor hours ! 2 400 static units) Print Done Choose from any drop-down list and then click Check