1. Calculate efficiency and flexible-budget variances for Dvent's variable overhead in August. Will variable overhead be overallocated or underallocated? By how much?
2. Calculate production-volume and flexible-budget variances for Dvent'd fixed overhead in August. Will fixed overhead be overallocated or underallocated? By how much?

Overhead variances, missing infomtab'on. Dvent budgets 18.000 machine hours for the production of computer chips in August 2015. The budgeted variable overhead rate is $6 per machinehour At the end of August there is a $3?5 favourable rate variance for van'able overhead and a $1.5?5 unfavourable rate van'ance for xed overhead. For the computer chips produced, 14:350 machinehours are budgeted and 15JJEIEI machinehours are actuallv used. Total actual overhead costs are $12D.UEIEI. Required 1. Calculate efciency and exiblebudget variances for Dverlt's variable overhead in August 2o15. Win variable overhead be overaliocated or underallocated? Eiv how much? 2. Calculate production-volume and exible-budget variances for Dvent's xed overhead in August 2015. 1Will xed ovelhead be overaliocated or underallocated? Ely how much