13-48 Overhead Variances
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 $ ______
(pg 602) Variable $ ______
c. Spending variance $______ Fixed $ ______ Variable $ ______
d. Efficiency variance $______ Fixed $ ______ Variable $ ______
