Fixed Overhead Spending and Volume Variances, Columnar and Formula Approaches

Marvelettes Company provided the following information:

Standard fixed overhead rate (SFOR) per direct labor hour	$5.00
Actual fixed overhead	$282,686
Actual direct labor hours worked (AH)	56,200
Actual production in units	14,000
Standard hours allowed for actual units produced (SH)	56,000

Required:

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

1. Using the columnar approach, calculate the fixed overhead spending and efficiency variances. Spending variance $ Efficiency variance $ 2. Using the formula approach, calculate the fixed overhead spending variance 3. Using the formula approach, calculate the fixed overhead efficiency variance. 4. Calculate the total fixed overhead variance