13-49 Variances Study Appendix 13. Consider the following data regarding factory overhead

13-49 Variances Study Appendix 13. Consider the following data regarding factory overhead

Acc 561 Week 5, 13-49 Variances Study Appendix 13. Consider the following data regarding factory overhead

13-49 Variances

Study Appendix 13. Consider the following data regarding factory overhead:

Variable          Fixed

Budget for actual hours of input                                    $45,000        $70,000

Applied                                                                            41,000          64,800

Budget for standard hours allowed

for actual output achieved                                                            ?                  ?

Actual incurred                                                                 48,500         68,500

Using the above data, fill in the following blanks with the variance amounts. Use F for favorable or U for unfavorable for each variance.

Total Overhead      Variable            Fixed

1. Spending variance               ______              ______            ______

2. Efficiency variance               ______              ______           ______

3. Production-volume variance   _____              ______           ______  

4. Flexible-budget variance         ___ ___          ______            ______

5. Under applied overhead         ______              ______            ______

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