Goldman Company manufactures shirts. During June, Goldman made 1,000 shirts but had budgeted production at 1,150 shirts. Goldman gathered the following additional data: Click on the icon to view the data.) Read the requirements. ... 13. Calculate the variable overhead cost variance. Select the formula, then enter the amounts and compute the cost variance for variable overhead (VOH) and identify whether the variance is favorable (F) or unfavorable (U). 14. Calculate the variable overhead efficiency variance. x = VOH Cost Variance = Select the formula, then enter the amounts and compute the efficiency variance for variable overhead and identify whether the variance is favorable (F) or unfavorable (U). 15. Calculate the total variable overhead variance The total variable overhead variance is = VOH Efficiency Variance = 16. Calculate the fixed overhead cost variance Select the formula, then enter the amounts and compute the cost variance for fixed overhead (FOH) and identify whether the variance is favorable (F) or unfavorable (U). = Fixed Overhead Cost Variance 17. Calculate the fixed overhead volume variance First, select the formula, then enter the amounts and compute the fixed overhead allocated to production. (Abbreviations used: SQ = standard quantity, AO = actual output.) Overhead allocated = to production Now, select the formula, then enter the amounts and compute the fixed overhead volume variance and identify whether the variance is favorable (F) or unfavorable (U). 18. Calculate the total fixed overhead variance. The total fixed overhead variance is = Fixed Overhead Volume Variance = WEI IPL 112 valAUCH IN TAVOLADIH ICLUL UULAVULAU LU Data table Variable overhead cost standard Direct labor efficiency standard Actual amount of direct labor hours Actual cost of variable overhead $0.90 per DLHr 6.00 DLHr per shirt 6,080 DLHr $7,296 $0.45 per DLHr Fixed overhead cost standard Budgeted fixed overhead $3,105 Actual cost of fixed overhead $3,170 -