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

Variable

Fixed

Actual costs incurred	$32,500	$18,000
Costs allocated to products	32,000	13,600
Flexible budget	—	12,400
Actual input x budgeted rate	32,000	—

Requirements

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

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