The following data for January have been provided by Hillin Corporation,a producer of precision drills for oil exploration: 
Required:
Compute the variable overhead rate variances for indirect labor and for power for January.Indicate whether each of the variances is favorable (F) or unfavorable (U).Show your work!
Definitions:
Government Agency
An organization established by the government to implement policy, carry out public services, or regulate activities within its jurisdiction.
Incentives
Factors, monetary or non-monetary, that motivate individuals or entities to behave in certain ways.
Social Choice
A theoretical framework for analysis of combining individual preferences, interests, or welfare to reach a collective decision or social welfare in a given society.
Aggregating
The process of combining multiple pieces of data or information into a single comprehensive whole.
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