Calculate the variable overhead spending

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Variable Overhead Spending and Efficiency Variances, Columnar and Formula Approaches

Aretha Company provided the following information:

Standard variable overhead rate (SVOR) per direct labor hour $3.70
Actual variable overhead costs $206,816
Actual direct labor hours worked (AH) 56,200
Actual production in units 14,000
Standard hours (SH) allowed for actual units produced 56,000

Required:

1.  Using the columnar approach, calculate the variable overhead spending and efficiency variances.

Spending variance $  
Efficiency variance $  

2.  Using the formula approach, calculate the variable overhead spending variance.

3.  Using the formula approach, calculate the variable overhead efficiency variance.

4.  Calculate the total variable overhead variance.

Reference no: EM131758599

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