Imme Corporation's variable overhead is applied on the basis of direct labor-hours.The company has established the following variable overhead standards for product I81Z: 
The following data pertain to the most recent month's operations during which 1,360 units of product I81Z were made: 
Required:
a.What was the variable overhead rate variance for the month?
b.What was the variable overhead efficiency variance for the month?
Definitions:
Government Tax
Mandatory financial charges or levies imposed by the government on individuals, businesses, and transactions to fund government spending.
Supply
Refers to the total amount of goods or services that are available for purchase at any given price level.
Government Subsidy
Financial assistance given by the government to individuals, businesses, or institutions to support or encourage certain economic activities.
Supply
The total amount of a good or service available for purchase at any given price level, within a specified period.
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