Accounting

Rondell Company uses a standard cost system. Indirect costs were budgeted at $176,400 plus $14 per direct labour hour. The overhead rate is based on 9,800 hours. Actual results were: Standard direct labour hours allowed 8,730 Actual direct labour hours 9,800 Fixed overhead $168,900 Variable overhead $164,900 Calculate the fixed overhead production volume variance. Fixed overhead production volume variance $ V Calculate the variable overhead spending variance. Variable overhead spending variance $ Calculate the variable overhead efficiency variance. Variable overhead efficiency variance $ Calculate the over- or underapplied overhead. Overhead $