Fixed Overhead Spending and Volume Variances, Columnar and Formula Approaches

Branch Company provided the following information:

Standard fixed overhead rate (SFOR) per direct labor hour		$5.00
Actual fixed overhead		$305,000
BFOH		$300,000
Actual production in units		16,000
Standard hours allowed for actual units produced (SH)		64,000

Required

Enter amounts as positive numbers and select Favorable (F) or Unfavorable(U).

1. Using the columnar approach, calculate the fixed overhead spending and volume variances.

(1)

(2)

(3)

	Spending		Volume

2. Using the formula approach, calculate the fixed overhead spending variance.

$

3. Using the formula approach, calculate the fixed overhead volume variance.

$

4. Calculate the total fixed overhead variance.

$