Hamilton, Inc. produces chemicals for large biotech companies. If has the following data for manufacturing overhead costs during August 2017.

Variable Fixed Actual costs incurred $30,500 $14,500 Costs allocated to products 27,000 14,800 Flexible budget -- 16,000 Actual input x budgeted rate 31,200 ---

( If no variance exists leave the dollar value blank. Label the variances as a favorable (F), unfavorable (U) or never a variance (N) )

Fill in the blanks.

Variable Fixed 1. Spending variance $ $ 2. Efficiency variance 3. Production- volume variance 4. Flexible- budget variance 5. Underallocated (over allocated) manufacturing overhead