CH11-Q4A)

Swifty Consulting uses a standard costing system to allocate overhead costs. The accountant estimated 7,870 hours as the volume to develop standard overhead rates. Budgeted costs were $18,101 for fixed overhead and $14,953 for variable overhead. The following results were reported. Actual hours 7,610 Standard hours 7,690 Actual fixed overhead $17,996 Actual variable overhead $13,821 (a) 1 Your answer is partially correct. Calculate the spending variances for fixed and variable overhead. (Round answers to decimal places, e.g. 1,525.) Variable overhead spending variance $ 790 Favourable Fixed overhead spending variance $ 309 Unfavourable (a) Your answer is partially correct. Calculate the spending variances for fixed and variable overhead. (Round answers to decimal places, eg. 1,525.) Variable overhead spending variance $ 790 Fixed overhead spending variance $ $ 309 Favourable Unfavourable Neither Favorable nor Unfavourable