overhead efficiency variance, Financial Accounting

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The following information is for the third quarter of this year:

	Planned	Actual
Production	92,000 units	87,000 units
Direct labor hours	506,800 DL hrs	380,000 DL hrs
Fixed manufacturing overhead	$205,000	$182,400
Variable manufacturing overhead	$910,000	$841,500
Standard direct labor hour per unit	5.5

Calculate the following three overhead variances.

a. Overhead volume variance

b. Overhead efficiency variance

c. Overhead spending variance

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