Calculator E Print Item Total Fixed Overhead Variance Ross Company provided the following data: Standard fixed overhead rate (SFOR) $7 per direct labor hour Actual fixed overhead costs $281,450 Standard hours allowed per unit 2 hours Actual production 12,000 units Required: 1. Calculate the standard hours allowed for actual production. 2. Calculate the applied fixed overhead. 3. Calculate the total fixed overhead variance. Unfavorable Feedback Check My Work 1. Unit SH XAU Produced 2. Applied FOH (AUX SH) SFOR 3. Total FOH Variance - Actual Costs - (SHX SFOR) Where SH: Standard Direct Labor Hours Check My Work Fixed Overhead Spending and Volume Variances, Columnar and Formula Approaches Marvelettes Company provided the following information: Standard fixed overhead rate (SFOR) per direct labor hour $8 Actual fixed overhead rate (AFOR) per direct labor hour $8.03 Actual direct labor hours worked (AH) 57,000 Actual production in units 12,000 Standard hours allowed for actual units produced (SH) 58,000 Required: 1. Using the columnar approach, calculate the fixed overhead spending and efficiency variances Unfavorable Spending $ Efficiency $ Favorable 2. Using the formula approach, calculate the fixed overhead spending variance. Unfavorable 3. Using the formula approach, calculate the fixed overhead efficiency variance. Favorable 4. Calculate the total fixed overhead variance. Favorable Feedback Check My Work Total Variable Overhead Variance Aretha Company showed the following information for the year: Standard variable overhead rate (SVOR) per direct labor hour $3.30 Standard hours (SH) allowed per unit Actual production 12,000 Actual variable overhead costs $206,807 Actual direct labor hours 56,600 Required: 1. Calculate the actual variable overhead rate (AVOR). If required, round your answer to the neares 3.65 per direct labor hour 2. Calculate the applied variable overhead. $ 8,807 3. Calculate the total variable overhead variance. Unfavorable Feedback Check My Work 1. Actual Variable Overhead Rate = Actual Variable Overhead Actual Direct Labor Hours 2. Applied Variable Overhead = (Actual Unit x SH) SVOR 3. Total Variable Overhead Variance = (Actual Hours x Actual Variable Overhead Rate) - (Actual Unit x SH X SVOR) Learning Objective 2 Check My Work