Compute the variable overhead spending variance

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Reference no: EM13876731

Overhead: Four-Variance Analysis The following information is available from Swinney Company for December:

Total factory overhead incurred

$40,000

Variable overhead expenses, incurred

$24,150

Fixed overhead expenses, budgeted

$18,000

Direct labor hours (DLH) worked

4,200

Standard direct labor hours allowed for the units manufactured

4,000

Practical capacity, in direct labor hours

4,500

Standard variable overhead rate per DLH

$5.00

Swinney uses direct labor hours to apply factory overhead.

Required: Use the framework presented in Exhibit to compute the following for the month of December:

1. Variable overhead spending variance.

2. Variable overhead efficiency variance.

3. Fixed overhead spending (budget) variance.

4. Fixed overhead production-volume variance.

5. Total overhead variance.

Reference no: EM13876731

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