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	Answer		Answer
Standard hours/unit	Answer		Answer
Actual hours (total)	6,400		6,400
Standard rate/hour	$36.00		$24.00
Actual rate	$37.80
Flexible budget	$90,000		$60,000
Labor rate or variable overhead spending variance	Answer	AnswerUF	Answer	AnswerUF
Efficiency variances	Answer	AnswerUF	Answer	AnswerUF
Total flexible budget variance	Answer	AnswerUF	$3,500