The following data for March have been provided by Fickling Corporation, a producer of precision drills for oil exploration: 
Required:
Compute the variable overhead rate variances for indirect labor and for power for March.Indicate whether each of the variances is favorable (F)or unfavorable (U).Show your work!
Definitions:
Consolidating Foreign Operations
The process of integrating the financial statements of foreign subsidiaries with the parent company's financial statements, adjusting for currency conversion and other factors.
Accounting Standards
Guidelines established by authoritative bodies to standardize financial reporting and accounting practices globally or within specific regions.
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