Premium Fender uses a standard cost system and provide the tolowing hformasor: II iClick the icon to vew the intormaton) Peas the yariance. standard cost, se = standard quantly, VOH = varlable overthead.) Data table Requirements in with the variable rable (F) or unfavor dard cost; SQ= sta 1. Compute the overhead variances for the year: variable overhead cost variance, variable overhead efficiency variance, fixed overhead cost variance, and fixed overhead volume variance. 2. Explain why the variances are favorable or unfavorable..