The fotowing information relates to Goldman, te what cous to the more Click to view the information) Requirements + Compute the overhead variances for the month variable head cos variance variations inced overhead covariance of food overhead she was Explain why the races a favorable a untuvatie Requirement 1, Compute the stead variances for the month. Variable overhead coat variance, la verhoed uliciany walance, budovutad cont variants, and food overtoed votumu vanance Begin by selecting the formulas needed to compare the variable overhead (Volt) and forced overhead (FO) wloncel and the compute each vatance amount (Actuat cost-Standard cost) Actual hours = VOH cost vacance (Actul hours Standard hours wowed) - Standard cool VOH widency van Actualoved Budgeted overhead FOR cast ance Budged overhead - Allocated overhead FOH volume vara Data tohlo Data table he Static budget variable overhead Static budget fixed overhead Static budget direct labor hours Static budget number of units 5 7 500 S 3.000 1.500 hours 7.500 units Goldman allocates manufacturing overhead to production based on standard direct labor hours. Last month, Goldman reported the following actual results actual variable overhead $10,800, actual fixed overhead, $2.820 actual production of 7,300 units at 0.30 direct labor hours per unit. The standard direct labor time is 0.2 direct labor hours per unit (1,500 static direct labor hours 77,500 static units) Print Done