Exercise 11-22 Straightforward Computation of Overhead Variances (LO 11-5)

Crystal Glassware Company has the following standards and flexible-budget data.

Standard variable-overhead rate	$	7.00	per direct-labor hour
Standard quantity of direct labor		3	hours per unit of output
Budgeted fixed overhead	$	114,000
Budgeted output		19,000	units

Actual results for April are as follows:

Actual output		12,000	units
Actual variable overhead	$	324,000
Actual fixed overhead	$	107,000
Actual direct labor		45,000	hours

Required:

Use the variance formulas to compute the following variances. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "0" for no effect (i.e., zero variance).)

Variable overhead spending variance
variable overhead efficiency variance
fixed overhead budget variance

final three rows don't need anything, not supposed to be there