Compute the overhead spending variance

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Reference no: EM132036279

Question

Use the following information of Alfred Industries.


Standard manufacturing overhead based on normal monthly volume:
Fixed ($301,200 ÷ 20,000 units)	$	15.06
Variable ($100,000 ÷ 20,000 units)		5.00	$	20.06

Units actually produced in current month				18,000	units
Actual overhead costs incurred (including $300,000 fixed)			$	383,800

Compute the overhead spending variance and the volume variance. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "0" for no effect (i.e., zero variance).

Overhead Spending Varience ________________ _______________

Overhead Volume Varience _________________ ______________

Reference no: EM132036279

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