Thead e, varial x Data Table Lh v ompute ual cos ndard w $3,500 $28,000 Static budget variable overhead Static budget fixed overhead Static budget direct labor hours Static budget number of units 700 hours nce mpute the dard cog 28,000 units 0.025 hours per fender Standard direct labor hours Print Done t questi Requirement 1. Computer cethe year varit med omtance, variable vahead my variance fred overhead covariance, and edhe vehume variance llegin with the read.com and thereforms, congut the variable cost and they wance and whethereach vallancas favorable to th You may need to in the formed the data de Abertal News AGFOH Sed vead, card.com 50 standard quantity or variativa Formule Vurance VOH cost variance Vo ficiency variance Now compute the food whead cont de Valmon Select the required forms, compuls the fived head coat and volume values ind identify whether each variance is favorable per unfavorable {u) (Abbrevisca FOSC standard cost and quantity Formula Variance FOR ceste Choose any store any number in the nuts and then che next question est Fendeuses a standard cost system and provide the following information Click the icon to view the Indormation) Fender allocates manufacturing overhead to production based on standard direct labor hours Best Fender reported the following actual results for 2018 actual number offenders produced, 20,000 250, schiafflued overhead $31,000 actual direct labor hours 410 Cead the requires Form Variance FOH cost variance For volume variance Requirement 2. Explain why the variances are favorable or unfavorable The variable overhead cost variance is se management spent than budgeted for the actual production The variable overhead officiency variance is because management used direct labor hour than standard and variable overhead is applied (incurred based on direct labor The food overhead cost variance is because management spent than the amount budgeted for fored overhead The Exodove volume variance is because management located fired overhead to jobs than was budgeted