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 penod: Actual units produced 11,500 units Total actual direct labor hours 98,000 hours Actual variable manufacturing overhead incurred $920,000 Budgeted units for the period 10,850 units Required: Calculate the variable overhead variances. Use your answer to answer the following questions. NOTE: Please enter all variances as positive numbers. The amount of the variable manufacturing overhead spending variance for the period 38000 Q/ In I | | | I I I | I I I I I '- Indicate if the variable manufacturing overhead spending variance is favourable (enter the letter F) or unfavourable (enter the letters UF). UF Q/ The amount of the variable manufacturing overhead efficiency variance for the period is $ ______________ . 54000 ey Indicate if the variable manufacturing overhead efficiency variance is favourable (enter the letter F) or unfavourable (enter the letters UF). _/