1-10. Distinguish labor and variable-overhead efficiency variances. from a conventional flexible budget. 1-11. What is the fixed-overhead budget variance? Exercises All applicable Exercises are available In Connect. Connect Exercise 11-22 Crystal Glassware Company has the following standards and flexible-budget data. Straightforward Computation of Overhead Variances Standard variable-overhead rate .. $6.00 per direct-labor hour (LO 11-5) Standard quantity of direct labor 2 hours per unit of output Budgeted fixed overhead $100,000 Budgeted output 25,000 units Pupil Il Flexible Budgeting and Analysis of Overhead Costs Actual results for April are as follows: Actual output ..... Actual variable overhead 20,000 units $320,000 Actual fixed overhead $97,000 Actual direct labor 50,000 hours Required: Use the variance formulas to compute the following variances. Indicate whether each vari- ance is favorable or unfavorable, where appropriate. 1. Variable-overhead spending variance. 2. Variable-overhead efficiency variance. 3. Fixed-overhead budget variance. 4. Fixed-overhead volume variance