Zeke's Bikes uses a standard cost system and provides the following information:

Standards:

Static budget variable overhead $$5,110\mathrm{.}00.$

Static budget fixed overhead $$20,000\mathrm{.}00.$

Static budget direct labor hours $370$ hours.

Static budget number of units $26,000$ units.

Static budget direct labor hours $0\mathrm{.}025$ hours per unit.

Actual:

Number of units produced $22,000.$

Actual variable overhead $$5,150\mathrm{.}00$

Actual fixed overhead $$23,100\mathrm{.}00.$

Actual direct labor hours $510.$

$($Round your answers to two decimal places when needed and use rounded answers for all future calculations$).$Compute the variable and fixed overhead allocation rates.

Calculate the variable overhead cost and efficiency variances.