The following irformaton relates to Talman, inc s overteds costs for the month Bifit (Cick the icon lo viow the information.) Prequirements 2. Explain why the variances are favorablo or unfavorable. Requirement 1. Compuse the overhesd variances for the month: vasable overtead cont varance, variable ovemesd effiency variance, fued overhead cost variance, and fixed overthesd volume vanance. Begin by selecting the formulas needed to compuse the variable ovechead (VOH) and fixed ovehead (FOH) variances. and then compule each varance anount. Data table Talman alocates mawidacturing overheod to production based on standad drect laber houns. Last mont Talman reported the fobowing achaal resuts: achaal varistie oventhead, $ to. 800 , actual fiad everhead, \$2.820, actual production of 7,300 unts at 040 direct labor hours per uet. The standard direct labor time in 0.25 direct labor hours per unt (1,000 static direct labor heurs /4,000 state unta). The following irformaton relates to Talman, inc s overteds costs for the month Bifit (Cick the icon lo viow the information.) Prequirements 2. Explain why the variances are favorablo or unfavorable. Requirement 1. Compuse the overhesd variances for the month: vasable overtead cont varance, variable ovemesd effiency variance, fued overhead cost variance, and fixed overthesd volume vanance. Begin by selecting the formulas needed to compuse the variable ovechead (VOH) and fixed ovehead (FOH) variances. and then compule each varance anount. Data table Talman alocates mawidacturing overheod to production based on standad drect laber houns. Last mont Talman reported the fobowing achaal resuts: achaal varistie oventhead, $ to. 800 , actual fiad everhead, \$2.820, actual production of 7,300 unts at 040 direct labor hours per uet. The standard direct labor time in 0.25 direct labor hours per unt (1,000 static direct labor heurs /4,000 state unta)