Compute the overhead variances for the month variable overhead cost variance, variable overhead efficiency variance, fixed overhead cost variance and fixed overhead volume variance, Begin by selecting the formulas needed to compute the variable overhead the VOH and fixed overhead FOH variances and then compute each of variance amount.

Morgan allocates manufacturing overhead to production base standard direct labor hours last month Morgan reported the following actual results actual variable over head $10,800 actual fixed overhead $2,770 actual production of 7000 at...0.20 direct labor hours per unit the standard direct labor time is 0.25 direct labor hours per unit (1,300 static direct labor hours /5,200 static units)

static budget variable overhead 7800 static budget fixed overhead 3,900 static budget direct labor hours 1,300 hours static budget number of units 5,200 units

Requirement 1. Compute the overhead variances for the month variable overhead cost variance, variable overhead efficiency variance, fixed overhead Begin by selecting the formulas needed to compute the variable overhead (VH) and fixed overhead (FOH) variances, and then compute each variance Cos! Variance 2400 Actual cost Standard cost) Actual hours tiency variance (Actual hours - Standard hours allowed) x Standard cost Actual overhead Budgeted overhead Budgeted overhead Allocated overhead er Static budget variable overhead Static budget fixed overhead $ 7,800 $ 3.900 1,300 hours Static budget direct labor hours Static budget number of units OV 5.200 units Morgan allocates manufacturing overhead to production based on standard direct labor hours. Last month, Morgan reported the following actual results: actual variable overhead, $10.800: actual fixed overhead. 52.770. actual production of 7.000 units at 0.20 direct labor hours per unit. The standard direct labor time is 0.25 direct labor hours per unit (1.300 static direct labor hours / 5.200 static units)