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variable cost variances
The subsequent data reflect the present month's activity for Sills, Inc.:Actual total direct labor $546,000Standard labor-hours allowed for actual output flexible budget 27,000Actual hours worked 26,000Actual variable overhead $132,600Direct labor price variance $19,500UStandard variable overhead rate per standard direct labor-hour $5.25
Variable overhead is applied based on standard direct labor-hours allowed.
Required Evaluate the labor and variable overhead price and efficiency variances.
16.32 fixed cost variancesInformation on Carney Company's fixed overhead costs given:Overhead applied $360,000Actual overhead 385,500Budgeted overhead 369,000
Required
Find what are fixed overhead price and production volume variances?
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