Elements of Labor and Variable Overhead Variances Chelsea Fabricating applies variable overhead to products on the basis of standard direct labor hours. Presented is selected information for last month when 10,000 units were produced.

Required Solve for items "a" through "h."

	Direct labor		Variable overhead
Actual	a. $Answer		f. $Answer
Standard hours/unit	b. $Answer		b.$Answer
Actual hours (total)	6,300		6,300
Standard rate/hour	$36.00		$24.00
Actual rate	$37.80
Flexible budget	$90,000		$60,000
Labor rate or variable overhead spending variance	c. $Answer	Answer

g. $Answer

Answer

Efficiency variances	d. $Answer	Answer

h. $Answer

Answer

Total flexible budget variance	e. $Answer	Answer

$3,000

F