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Find what is the variable overhead spending variance

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Reference no: EM132527249

Order Up, Inc. is a shipping company for major retailers. The company uses a predetermined variable overhead rate based on direct-labor hours. In the most recent month, 80,000 items were shipped to customers using 5,000 direct labor-hours. The company incurred a total of $11,800 in variable overhead costs. According to the company's standards, 0.06 direct labor-hours are required to fulfill an order for one item and the variable overhead rate is $2.60 per direct labor-hour.

Question 1: What is the variable overhead spending variance? (Indicate both a dollar amount and favorable/unfavorable)

Question 2: What is the variable overhead efficiency variance? (Indicate both a dollar amount and favorable/unfavorable)

Reference no: EM132527249

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