Budget for actual hours of input variable $45,000 fixed $70,000
Applied variable 41,000 fixed 64,800
Budget for standard hours allowed for actual output achieved?
Actual incurred variable 48,500 fixed 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. Underapplied overhead ______ ______ ______