Need help with this question from the prior chapter this is one of them I'm stuck on Russell Wilson Corporation, which makes deep space equipment and gears, has provided the following data for a recent month:Budgeted productionStandard machine-hours per gearBudgeted supplies costActual productionActual machine-hours1,400 gears4.9 machine-hours245.50 per machine-hour1,800 gears9,300 machine-hours$49,642Actual supplies cost (total)Required:Determine the rate and efficlency varlances for the varlable overhead Item supples and Indicate whether those varlances arefavorable or unfavorable.(Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (I.e., zerovarlance). Input all amounts as positive values.)Variable overhead rate varianceVariable overhead efficiency variance

Variable overhead rate variance = (standard rate - actual rate)*actual hours Variable overhead…

Russell Wilson Corporation, which makes deep space equlpment and gears, has provided the following data for a recent month: 1,400 gears 4.9 machine-hours Budgeted production Standard machine-hours per gear Budgeted supplies cost Actual production Actual machine-hours Actual supplies cost (total) $ 5.50 per machine-hour 1,800 gears 9,300 machine-hours $49,642 Required: Determine the rate and efficlency varlances for the varlable overhead Item supplies and Indicate whether those varlances are favorable or unfavorable. (Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (1.e., zero varlance). Input all amounts as posltive values.) Variable overhead rate variance Variable overhead efficiency variance