13-48 Overhead Variances. Study Appendix 13. Consider the following data for the Rivera Company

13-48 Overhead Variances. Study Appendix 13. Consider the following data for the Rivera Company

Acc 561 Week 5 13-48 Overhead Variances. Study Appendix 13. Consider the following data for the Rivera Company

13-48 Rivera Company Study Appendix 13

 

Study Appendix 13. Consider the following data for the Rivera Company:

Factory Overhead

Fixed             Variable

Actual incurred                                                                                   $14,200          $13,300

Budget for standard hours allowed

for output achieved                                                                             12,500            11,000

Applied                                                                                               11,600              11,000

Budget for actual hours of input                                                        12,500             11,400

From the above information, fill in the blanks below. Be sure to mark your variances F for favorable and U for unfavorable

a.       Flexible-budget variance________Fixed________Variable _______

b.      Production-volume variance _________ Fixed _________ Variable _

c.       Spending variance __________ Fixed __________ Variable __________

d.      Efficiency variance ________ Fixed ___Variable ________

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