ComplexChem, Inc., produces chemicals for large biotech companies. It has the following data for manufacturing overhead costs during

August $2020$:

$($Click the icon to view the data.$)$

$($If no variance exists leave the dollar value blank. Label the variance as favorable $(F),$ unfavorable $($U$)$ or never a variance $($N$).)$

$(1)$ Spending variance

$(2)$ Efficiency variance

$(3)$ Production$-$volume variance

$(4)$ Flexible$-$budget variance

$(5)$ Underallocated $($overallocated$)$ manufacturing overhead

Data table

$[,$ Variable $,$ Fixed $],[$ Actual costs incurred $,$$$33,000,$$$14,000],[$ Costs allocated $to$ products $,34,000,13,800],[$ Flexible budget $,13,200],[$ Actual input $$ budgeted rate $,31,500,]$

Actual costs incurred

Costs allocated to products

Flexible budget

Actual input $$ budgeted rate

Variable Fixed $$33,000$$$14,000$

$34,000,13,800$

$13,200$

$31,500$

Livnd