At the beginning of the year, you estimated the following -

Production - 75,000 units

Raw Material - 270,000 pounds at a cost of $1,026,000

Direct Labor - 187,500 hours at a cost of $4,125,000

Variable Overhead - 135,000 machine hours at a cost of $567,000

Fixed Overhead - $900,000

At the end of year, the actual results were as follows -

Production - 73,000 units

Raw Material - 265,720 pounds purchased and used at a cost of $1,036,308

Direct Labor - 179,580 hours at a cost of $3,968,718

Variable Overhead - 133,590 machine hours at a cost of $558,406.20

Fixed Overhead - $891,000

20) The Variable Overhead Efficiency Variance is Favorable.

21) What is the Variable Overhead Rate Variance ?

22) The Variable Overhead Rate Variance is Favorable.

23) What is the Total Variance for Variable Overhead ?

24) The Total Variance for Variable Overhead is Favorable.