Calculating the Fixed Overhead Spending and Volume Variances Standish Company manufactures consumer products and provided the following information for the month of February: Required: 1. Calculate the fixed overhead spending variance using the formula approach. $ 2. Calculate the volume variance using the formula approach. 9 3. What if 127,200 units had actually been produced in February? What impact would that have had? Indicate what the new variances would be bel Calculating the Variable Overhead Spending and Efficiency Variances Standish Company manufactures consumer products and provided the following information for the month of February: Kequirea: nearest dollar.) 2. Calculate the variable overhead efficiency variance using the formula approach. $ 3. What if 26,100 direct labor hours were actually worked in February? What impact would that have had on the variable overhead spending variance? The variable overhead spending variance What impact would that have had on the variable overhead efficiency variance? The variable overhead efficiency variance Calculating the Total Overhead Variance Standish Company manufactures consumer products and provided the following information for the month of February: 1. Calculate the total variable overhead variance. 2. What if actual production had been 128,600 units? How would that affect the total variable overhead variance? Indicate what the new variance would be Feedback Check My Work 1. Total variable OH variance = Actual variable OH (Variable OH rate x Standard hours for actual production). 2. See Cornerstone 9.6