Reference no: EM132970827

Jasra brothers pvt ltd produces cases of forozon foods .during may 2021 ,the company produced 1500 cases of food and incuurred the following actual costs;

variable overhead $15000
fixed overhead 27000
actual material cost(30000 kg purchased and used) 66000
actual direct labour cost (8000 direct labour hour) 151200

Standard cost and annual budget information

direct cost per case

direct labour (5 hour@18) $90.00
direct material(20 kg@$2) 40.00
variable overhead (5 h..s@$1.50) 7.50
fixed overhead(5 hour @3) 15.00
total $152.50

annual budget information

variable overhead $150 000
fixed overhead $300 000
planned activity for year 100 000 direct labour hour

Required

Problem 1: Indicating whether each variance is favourable or unfavourable

1 variable overhead spending variable.
2 variable overhead efficiency variable.
3 fixed overhead budget variance.
4 fixed overhead volume varience.