(if no variance exists save the dollar value blank Label the variance as tavorable (F), untavorabile (U) or never a variance (N1) - X More info Data table 1 Variable Fixed (1) Spending variance 2) Efficiency variance (3) Production-volume variance (4) Flexible-budget variance (5) Underallocated (overallocated) manufacturing overhead Actual costs incurred Costs allocated to products Flexible budget Actual input budgeted rate Variable Fixed $ 33.500 16,000 30.000 14,200 15,000 32.200