The standard costs for Talk Too Much Inc., a company that makes cell phones, is as follows: Standard Cost per Unit Total Variable overhead 8 hours @ $9 per hour $ 72 Overhead is applied to products on the basis of standard direct labor hours for actual production The following information is available regarding the company's operations for the period: Actual units produced Total actual direct labor hours Actual variable manufacturing overhead incurred Budgeted units for the period Required: 11,500 units 98,000 hours $920,000 10,850 units Calculate the variable overhead variances. Use your answer to answer the following questions. The amount of the variable manufacturing overhead spending variance for the period is $ A Indicate if the variable manufacturing overhead spending variance is favourable (enter the letter F) or unfavourable (enter the letters UF). A The amount of the variable manufacturing overhead efficiency variance for the period is $ A Indicate if the variable manufacturing overhead efficiency variance is favourable (enter the letter F) or unfavourable (enter the letters UF). AY