Feagin  Company’s  actual  variable  overhead  was  $73,000.  Actual  direct labor hours  were  25,000  to  make 20,000  finished  products.  The  per-unit standard  for  direct labor hour is 1.5 hours, and the pre-determined variable overhead rate is $3 per direct labor hour. What  were (1) the  variable overhead  spending variance  (2) the variable  overhead efficiency variance?

1) What is the labor efficiency variance for March? 2) What is the variable overhead rate for March? 3) What is the variable overhead efficiency variance for March?

Acme Inc. has the following information available: Actual price paid for material $1.00 Standard price for material $0.90 Actual quantity purchased and used in production 110 Standard quantity for units produced 130 Actual labor rate per hour $14 Standard labor rate per hour $11 Actual hours 210 Standard hours for units produced 220 A. Compute the material price and quantity, and the labor rate and efficiency variances. Enter all amounts as positive numbers. Material price variance $ Material quantity variance $ Labor rate variance 2$ Labor efficiency variance $ B. What are some possible causes for this combination of favorable and unfavorable variances?

Tippi Company produces lamps that require 2.25 standard hours per unit at a standard hourly rate of $15.00 per hour. Production of 7,700 units required 17,550 hours at an hourly rate of $15.20 per hour. What is the direct labor (a) rate variance, (b) time variance, and (c) total cost variance? Enter favorable variances as negative numbers. Favorable or unfavorable a.  Direct labor rate variance $fill in the blank 1   b.  Direct labor time variance $fill in the blank 3   c.  Total direct labor cost variance $fill in the blank 5

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Franklin Company established a predetermined fixed overhead cost rate of $36 per unit of product. The company planned to make 7,700 units of product but actually produced only 7,400 units. Actual fixed overhead costs were $286,100. Required a. Determine the fixed cost spending variance and indicate whether it is favorable (F) or unfavorable (U).

Rexford Components shows the following overhead information for the current period:                Actual overhead incurred $ 105,840 , 2/3 of which is variable Budgeted fixed overhead $ 31,104   Standard variable overhead rate per direct labor-hour $ 27   Standard hours allowed for actual production   2,820 hours Actual labor-hours used   2,640 hours     Required: What are the variable overhead price and efficiency variances and fixed overhead price variance? (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.)

Perez Company established a predetermined fixed overhead cost rate of $37 per unit of product. The company planned to make 6,100 units of product but actually produced only 5,300 units. Actual fixed overhead costs were $233,200. Required a. Determine the fixed cost spending variance and indicate whether it is favorable (F) or unfavorable (U). b. Determine the fixed cost volume variance and indicate whether it is favorable (F) or unfavorable (U). Note: For all requirements, Select "None" if there is no effect (i.e., zero variance). a. Total spending variance b. Total volume variance

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Venneman Company produces a product that requires 2 standard hours per unit at a standard hourly rate of $15.00 per hour. If 4,300 units required 8,900 hours at an hourly rate of $14.70 per hour, what is the direct labor (a) rate variance, (b) time variance, and (c) total direct labor cost variance? Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. a.  Direct labor rate variance $fill in the blank 1   b.  Direct labor time variance $fill in the blank 3   c.  Total direct labor cost variance $fill in the blank 5