Exercise 11-22 Straightforward Computation of Overhead Variances (LO 11-5) Crystal Glassware Company has the following s

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Exercise 11 22 Straightforward Computation Of Overhead Variances Lo 11 5 Crystal Glassware Company Has The Following S 1 (34.76 KiB) Viewed 27 times

Exercise 11-22 Straightforward Computation of Overhead Variances (LO 11-5) Crystal Glassware Company has the following standards and flexible-budget data. Standard variable-overhead rate Standard quantity of direct labor Budgeted fixed overhead Budgeted output Actual results for April are as follows: Actual output Actual variable overhead Actual fixed overhead Actual direct labor. $456,000 $154,000 1. Variable-overhead spending variance 2. Variable-overhead efficiency variance 3. Fixed-overhead budget variance 4. Fixed-overhead volume variance $ 8.00 per direct-labor hour 2 hours per unit of output $160,000 20,000 units 19,000 units Required: Use the variance formulas to compute the following variances. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "O" for no effect (i.e., zero variance).) 50,000 hours Unfavorable Unfavorable Favorable Unfavorable