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Calculate the variable overhead efficiency variance

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Reference no: EM132845246

Question - German Masks makes customized goalie masks.Our variable overhead rate is $38 per Direct Labor Hour.

Our standard for production is 12 direct labor hours per custom hockey goalie mask produced.

Our fixed overhead budget is $89,000. Fixed overhead is applied per mask.

Budgeted production 800 masks.

Actual production 780 masks.

Actual costs:

Variable overhead $383,500.

Fixed overhead $87550.

Direct labor hours: 9285.

Required -

Calculate the variable overhead spending variance?

Calculate the variable overhead efficiency variance?

Calculate the fixed overhead application rate?

Calculate the fixed overhead spending variance?

Calculate the fixed overhead production volume variance?

Be sure to indicate whether each variance is F (favorable) or U (unfavorable).

Reference no: EM132845246

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