uses a standard cost system and provides the following informatic etion based on standard direct labor hours. Great reported the followi. 0; actual fixed overhead, $3,400; actual direct labor hours, 1,300. Data Table $ 2,200 $ 3,300 Static budget variable overhead Static budget fixed overhead Static budget direct labor hours Static budget number of units 1,100 hours 550 units Standard direct labor hours 2 hours per unit Print Done per in the input fields and then click Check Answer. Clear All ek Six : Chapter 8: Exercises 14 of 16 (4 complete) HW SC nc. Great also uses a standard cost system and provides the following information. ation.) ead to production based on standard direct labor hours. Great reported the following actual results rhead, $3,800; actual fixed overhead, $3,400; actual direct labor hours, 1,300. * Requirements ind eft over 1. Compute the variable overhead cost and efficiency variances and fixed overhead cost and volume variances. 2. Explain why the variances are favorable or unfavorable. Print Done my number in the input fields and then click Check Answer. Clear All ch