Reference no: EM132964181

Question - The (partial) cost sheet for the single product manufactured at Vienna Company follows.

Direct labor (21 hours @ $25) $525

Variable overhead (21 hours @ $2) 42

Fixed overhead (21 hours @ $4) 84

The master budget level of production is 90,000 direct-labor hours, which is also the production volume used to compute the fixed overhead application rate. Other information available for operations over the past accounting period include the following.

Actual variable overhead incurred $140,000

Actual fixed overhead incurred 376,000

Direct labor efficiency variance 170,000U

Variable overhead price variance 38,000F

Required -

a. What was the variable overhead efficiency variance?

b. What was the fixed overhead price variance?

c. What was the fixed overhead production volume variance?