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Calculate variable overhead efficiency variance

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Reference no: EM132842037

Question - Flint Masks makes customized goalie masks. Our variable overhead rate is $38 per Direct Labor Hour.

Our standard for production is 12 direct labor hours per custom hockey goalie mask produced.

Our fixed overhead budget is $89,000. Fixed overhead is applied per mask.

Budgeted production 800 masks.

Actual production 780 masks.

Actual costs:

Variable overhead $383,500.

Fixed overhead $87550.

Direct labor hours: 9285.

Required -

Calculate Variable overhead spending variance?

Calculate Variable overhead efficiency variance?

Calculate Fixed overhead application rate?

Calculate Fixed overhead spending variance?

Calculate Fixed overhead production volume variance?

Be sure to indicate whether each variance is F (favorable) or U (unfavorable).

Reference no: EM132842037

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